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Stock Market & Financial Investment News

News Breaks
May 29, 2014
09:00 EDTPANWPalo Alto rises 12.6%
Palo Alto is up 12.6%, or $8.74, to $78.25
News For PANW From The Last 14 Days
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February 12, 2016
09:50 EDTPANWPalo Alto partner outlook moderating, says Cleveland Research
Cleveland Research said channel partner checks suggests a moderating outlook for the next several quarters and less enthusiasm about potential upside. The firm's analyst said conversations are pointing to growth expectations in the 30%-40% range, versus previous feedback of 40%.
09:43 EDTPANWCorrection: OTR Global not cautious on Palo Alto Networks
February 10, 2016
10:35 EDTPANWFireEye, Palo Alto surge after upbeat analyst notes, Akamai results
The shares of IT security companies Palo Alto Networks (PANW) and FireEye (FEYE) are rallying after Wells Fargo issued an upbeat note on Palo Alto and research firm BTIG upgraded FireEye. Additionally, Akamai (AKAM) reported that the revenue generated by its cloud security business surged nearly 50% year-over-year last quarter. FIREEYE UPGRADE: BTIG analyst Joel Fishbein, Jr. upgraded FireEye to Buy from Neutral, saying that the company will soon show better revenue visibility, report positive cash flow and implement tighter cost controls. Those attributes are what investors are looking for from the company, the analyst stated. FireEye can meet its guidance of generating positive free cash flow growth this year by achieving its billing guidance and maintaining the cost discipline and operating leverage it delivered last year, Fishbein predicted. Moreover, FireEye is shifting from a "growth at all costs" mentality" to a "cash generation with reasonable growth" approach, the analyst stated. He believes that the stock has reached a favorable entry point, and placed a $15 price target on the shares. POSITIVE ON PALO ALTO: After speaking with sources in the IT security sector, Wells Fargo believes that Palo Alto's existing customers are in the early stages of buying the company's newer products. Resellers indicated that the sales of Palo Alto's products were either at or above expectations and they said that its pipeline remains strong, Wells reported. Furthermore, the firm thinks the company will continue to gain share against other IT security vendors going forward, as large organizations look to buy more of their products from one vendor. Palo Alto's risk/reward ratio is "compelling" for longer term investors, Wells stated. The firm reiterated an Outperform rating on the stock. AKAMAI: Meanwhile, Akamai posted better than expected fourth quarter results last night, including the report that the revenue generated by its cloud security unit jumped 46% last quarter versus the same period a year earlier, to $73M. B. Riley analyst Sameet Sinha upgraded Akamai Technologies to Buy and raised his price target for the shares to $60 from $54 following the company's Q4 results, while Craig-Hallum analyst Ryan Notvest upgraded Akamai to Buy and increased his price target to $53 from $48. Notvest particularly pointed to its strong Performance and Security Solutions results, while noting the company has substantially reduced expectations from its two largest customers, has put in place a $1B buyback, and the CEO said he has intentions to buy $10M worth of Akamai shares in the open market. PRICE ACTION: In early trading, Palo Alto jumped 6.4% to $125.63, FireEye surged 8.5% to $13 and Akamai jumped 23.5% to $48.90.
07:54 EDTPANWPalo Alto checks positive, says Wells Fargo
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February 8, 2016
10:26 EDTPANWOptions with increasing implied volatility
Options with increasing implied volatility: WMB SPLK Z PANW CRM PAGP LGF SQQQ WDAY ETP
February 5, 2016
14:06 EDTPANWPalo Alto volatility increases as shares trend to two-year low
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February 4, 2016
19:30 EDTPANWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
February 3, 2016
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Capella Education (CPLA) initiated with an Outperform at Credit Suisse... DeVry (DV) initiated with an Outperform at Credit Suisse... Gilead (GILD) initiated with a Buy at Standpoint Research... Grand Canyon (LOPE) initiated with a Neutral at Credit Suisse... Hannon Armstrong (HASI) initiated with an Equal Weight at Morgan Stanley... Houghton Mifflin (HMHC) initiated with an Outperform at Credit Suisse... Mediaset (MDIUY) initiated with a Buy at Jefferies... Palo Alto (PANW) initiated with a Buy at Maxim... Splunk (SPLK) initiated with a Buy at Maxim... Strayer (STRA) initiated with a Neutral at Credit Suisse... Tableau (DATA) initiated with a Sell at Maxim... Tesla (TSLA) initiated with a Sell at Berenberg... WisdomTree (WETF) initiated with an Outperform at Northland... bluebird bio (BLUE) initiated with an Outperform at Leerink.
08:59 EDTPANWPalo Alto initiated with a Buy at Maxim
Maxim analyst Nehal Chokshi started Palto Alto Networks with a Buy rating and $214 price target.
January 29, 2016
10:56 EDTPANWIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
07:03 EDTPANWProofpoint results suggest demand remains strong, says Piper Jaffray
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