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Stock Market & Financial Investment News

News Breaks
November 28, 2012
07:13 EDTPFPTProofpoint weakness unjustified, says RBC Capital
After Proofpoint's stock tumbled about 25% after reporting Q3 results that RBC Capital views as strong ,the firm believes that the decline in the stock isn't indicative of its business, or the companyís competitive position. The firm maintains a $19 price target and Outperform rating on the shares.
News For PFPT From The Last 14 Days
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May 26, 2015
09:54 EDTPFPTAnalysts bullish on two Internet security players
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May 20, 2015
15:55 EDTPFPTCareFirst 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).
09:14 EDTPFPTJefferies software analysts hold an analyst/industry conference call
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08:41 EDTPFPTCisco CFO sees potential for acquistions in security
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May 19, 2015
07:13 EDTPFPTProofpoint can beat expectations over next few years, says Wells Fargo
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05:42 EDTPFPTProofpoint added to Priority Stock List at Wells Fargo
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May 14, 2015
08:21 EDTPFPTFinjan 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.
May 13, 2015
07:21 EDTPFPTCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link

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