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Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:54 EDTCHKP, PFPT, PANW, CUDA, FEYE, FFIV, QLYS, SYMC, IMPV, FTNTSenate panel close to deal on cybersecurity bill, The Hill says
Members of the Senate Intelligence Committee are very close to reaching a bipartisan deal on a cybersecurity bill, Republican Senator Saxby Chambliss, a member of the committee, said yesterday, according to The Hill. The bill is supposed to help protect American financial markets, transportation systems and the electric grid from a massive cyber attack, the website stated. 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
News For QLYS;PANW;FTNT;FFIV;PFPT;IMPV;FEYE;CHKP;SYMC;CUDA From The Last 14 Days
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September 2, 2015
08:53 EDTIMPVImperva upgraded to Buy from Neutral at Buckingham
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September 1, 2015
16:10 EDTCHKPCheck Point to separate CEO and Chairman positions
Check Point Software Technologies announced its decision to separate the position of Chairman and CEO and to appoint Marius Nacht as non-executive Chairman of the Board. Nacht, one of Check Point's founders, has served as Vice Chairman of the Board of Directors since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Nacht held Senior Vice President positions at Check Point.
10:59 EDTFTNT, PFPT, IMPV, QLYS, FEYE, FFIV, CHKP, PANW, CUDA, SYMCCyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
10:56 EDTPFPT, IMPV, CHKPRBC Capital to hold a bus tour
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07:49 EDTFFIVData networking shares should be bought on weakness, says Bernstein
Bernstein says that Cisco (CSCO), Juniper (JNPR), and F5 Networks (FFIV) are down almost 10% recently, although they have "limited exposure" to China, according to the firm. Additionally, even in the face of wider macro economic weakness, Cisco "would still be protected by a positive product cycle momentum," while Juniper would be shielded by "the late cycle nature" of the spending trends of its service provider customers, according to the firm. Bernstein keeps Outperform ratings on all the stocks named.
August 31, 2015
16:10 EDTFTNT, PFPT, QLYS, IMPVStephens to hold a tour
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08:31 EDTCHKPAcronis and Check Point announces partnership
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08:03 EDTFEYECybergy partners with FireEye for cybersecurity push
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07:52 EDTPANWPalo Alto checks positive, says Oppenheimer
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August 28, 2015
08:18 EDTSYMCSymantec management to meet with Jefferies
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07:17 EDTFFIVCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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07:12 EDTPANWWilliam Blair names 21 stocks best positioned for volatile markets
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August 25, 2015
08:08 EDTFEYEFireEye, Adobe among quality 'flushed out' tech names, says JPMorgan
JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.
August 24, 2015
15:01 EDTFEYE, PANWWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:21 EDTPFPT, SYMC, CUDA, QLYS, PANW, FEYE, CHKP, FTNT, IMPV, FFIVJMP Securities says pullback in Palo Alto a buying opportunity
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08:52 EDTPANWPalo Alto weakness creates buying opportunity, says JMP Securities
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08:36 EDTIMPV, PANW, CUDAIT security outlook still positive, says Pacific Crest
After attending a conference and analyzing IT security companies' Q2 results, Pacific Crest is more confident that IT security spending trends will continue to be strong. The firm identifies Barracuda (CUDA), Imperva (IMPV) and Palo Alto (PANW) as its favorite names in the space.
August 21, 2015
10:02 EDTSYMCOn The Fly: Analyst Upgrade Summary
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09:29 EDTPANWPalo Alto results should beat expectations, says RBC Capital
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06:48 EDTSYMCSymantec upgraded to Equal Weight from Underweight at Morgan Stanley
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