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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:49 EDTPANWPalo Alto outlook has improved, says Wells Fargo
After conducting checks with sources in the IT security sector, Wells Fargo is more confident on spending trends, and its confidence in the company has increased. Wells believes that its forecast for the company's revenue to surge 37% this year could be conservative, and it reports that Palo Alto's Wildfire subscription service is getting very good traction. The firm keeps an Outperform rating on the stock.
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July 23, 2014
13:28 EDTPANWCheck Point advances after results beat expectations
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12:57 EDTPANWCheck Point Q2 results, guidance solid, says Wells Fargo
Wells Fargo believes that Check Point (CHK) reported solid Q2 results and provided solid guidance, as its large deal metrics were particularly strong, according to Wells. The firm thinks the results show that spending trends in cyber security remain strong, boding well for cyber security companies Palo Alto (PANW), Fortinet (FTNT), and FireEye (FEYE). Wells keeps an Outperform rating on Check Point.
July 22, 2014
13:25 EDTPANWEarnings Preview: Juniper sahres rise ahead of Q2 earnings report
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July 17, 2014
07:21 EDTPANWPalo Alto price target raised to $105 from $90 at Pacific Crest
Pacific Crest increased its price target on Palo Alto as the firm touts what it sees as the company's strong fundamentals, fastest ramping profitability in enterprise IT and emerging opportunities. The firm keeps an Outperform rating on the shares.

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