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Stock Market & Financial Investment News

News Breaks
May 23, 2014
12:24 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
Palo Alto Networks May weekly call option implied volatility is at 87, July is at 54, September is at 48; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on May 28.
News For PANW From The Last 14 Days
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May 21, 2015
13:52 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 20, 2015
15:55 EDTPANWCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the companyís ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirstís websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirstís websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
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08:41 EDTPANWCisco CFO sees potential for acquistions in security
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06:51 EDTPANWPalo Alto initiated with a Hold at Evercore ISI
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May 14, 2015
08:52 EDTPANWPalo Alto Q3 checks positive, says Stephens
Stephens said its checks have come back positive during Palo Alto's Q3 have been positive, leading the firm to expect the company's results to top consensus expectations. Stephens keeps its Overweight rating and $170 price target on Palo Alto shares.
08:21 EDTPANWFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.

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