New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:07 EDTRLDRealD announces resignation of James Cameron from board of directors
RealD announced the resignation of James Cameron from its Board of Directors due to the rigorous demands of his filmmaking commitments.
News For RLD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
10:19 EDTRLDSony 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.
07:23 EDTRLDIMAX and RealD could benefit from The Interview cancellation, says B. Riley
Subscribe for More Information
December 15, 2014
16:08 EDTRLDRealD announces resignation of CTO Gary Sharp
Subscribe for More Information
December 11, 2014
10:13 EDTRLDOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:29 EDTRLDRealD upgraded to Buy from Neutral at Dougherty
Subscribe for More Information
December 9, 2014
08:03 EDTRLDRealD licenses Precision White Screen Technology to Harkness Screens
RealD announced that it has licensed its Precision White Screen Technology to Harkness Screens International Limited, available exclusively to RealD customers utilizing RealD 3D Cinema Systems.

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