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Stock Market & Financial Investment News

News Breaks
March 10, 2014
10:41 EDTZQK, PANW, SWY, AMBC, MDROptions with decreasing implied volatility: PANW MDR SWY ZQK AMBC
News For PANW;MDR;SWY;ZQK;AMBC From The Last 14 Days
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December 19, 2014
16:23 EDTSWYSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSWYSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.
December 18, 2014
10:19 EDTPANWSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
December 16, 2014
08:44 EDTZQKQuiksilver shares becoming more attractive, says Roth Capital
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December 11, 2014
16:13 EDTZQKQuiksilver sees Q1 revenue $340M, consensus $384M
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16:12 EDTZQKQuiksilver sees FY15 revenues $1.48B-$1.55B, consensus $1.62B
Sees FY15 gross margins 49.5%-51%, pro-forma Adjusted EBITDA $80M-$90M, and capital expenditures to be below $25M.
16:08 EDTZQKQuiksilver reports Q4 EPS (29c), consensus (11c)
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15:13 EDTZQKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus 30c; Quiksilver (ZQK), consensus (11c); Nordson (NDSN), consensus $1.13; Dominion Diamond (DDC), consensus 27c.
12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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December 10, 2014
12:18 EDTAMBCAmbac Financial management to meet with MKM Partners
Meeting to be held on Boston on December 17 hosted by MKM Partners.
08:16 EDTPANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
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