New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
December 24, 2014
07:49 EDTPANWJapan preparing for potential North Korea cyberattack, Reuters says
Japan is worried that it could be hit by a cyberattack by North Korea, and has begun taking defensive measures to rpevent such a scenario, according to Reuters. The Japanese government is pushing the country's companies to take steps to upgrade their cybersecurity, the news service added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:37 EDTPANWLarge banks could buy 'cyberinsurance,' NY Times says
Subscribe for More Information
December 23, 2014
06:30 EDTPANWSimple step would have prevented JPMorgan hacking, NY Times reports
Subscribe for More Information
December 22, 2014
06:44 EDTPANWPalo Alto price target raised to $150 from $130 at Piper Jaffray
Subscribe for More Information
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 11, 2014
12:02 EDTPANWPalo Alto to host special shareholder meeting
Subscribe for More Information
10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use