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Stock Market & Financial Investment News

News Breaks
July 24, 2014
10:19 EDTWYN, CRI, UIS, QRE, FFIV, DEO, DPS, BC, MXWL, FTNTHigh option volume stocks
High option volume stocks: QRE FTNT DPS UIS MXWL DEO CRI BC FFIV WYN
News For QRE;FTNT;DPS;UIS;MXWL;DEO;CRI;BC;FFIV;WYN From The Last 14 Days
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September 2, 2015
08:12 EDTWYNWyndham announces first property in Myanmar
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September 1, 2015
10:59 EDTFTNT, FFIVCyberArk 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.
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 EDTFTNTStephens to hold a tour
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August 30, 2015
20:55 EDTDEODiageo tests non-alcoholic Guinness in Asia, Irish Independent says
Diageo is testing a non-alcoholic version of its famed Guinness beer in Asia, reports the Irish Independent, citing spokesperson statements. The move comes amid various government campaigns in the region seeking to curb alcohol consumption, said the report. Reference Link
August 28, 2015
07:17 EDTFFIVCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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August 27, 2015
12:50 EDTDEOPeltz rumored to be building stake in Diageo, Harrington says
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August 26, 2015
10:17 EDTWYNMKM Partners' four Lodging stock ideas following the pullback
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August 24, 2015
15:01 EDTWYNWyndham 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 EDTFFIV, FTNTJMP Securities says pullback in Palo Alto a buying opportunity
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14:09 EDTWYNCourt says Wyndham failed to safeguard customer information, Reuters reports
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August 21, 2015
07:39 EDTBCBrunswick management to meet with Jefferies
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