New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 7, 2014
16:34 EDTFL, BIG, PRGS, JNPR, SWY, FEYE, PANWOn The Fly: Closing Wrap
Stocks on Wall Street were mixed following a U.S. employment report for February that came in better than expected. Despite the economy adding more jobs that expected for February, the unemployment rate edged up to 6.7% from January's 6.6%. Despite continued unrest in Ukraine and mixed economic data, the averages closed the first week of the month with gains. ECONOMIC EVENTS: In the U.S., 175K non-farm jobs were added last month, beating the expected increase of 150K jobs, while the unemployment rate edged up to 6.7% from last month’s 6.6% rate. The trade balance report for January showed a deficit of $39.1B, versus the expected $38.5B deficit. January consumer credit was reported to rise $13.7B, slightly below expectations for growth of $14B. COMPANY NEWS: Grocery store owner Safeway (SWY) agreed to be acquired by Albertsons, owned by private equity firm Cerberus, for a total value estimated at $40 per Safeway share. Safeway shareholders will receive $32.50 per share in cash, will have the right to receive pro-rata distributions of proceeds from primarily non-core assets with an estimated value of $3.65 per share, and Safeway's shares of Blackhawk (HAWK), with a current value of $3.95 per Safeway share, will still be distributed. The deal, which had been roundly telegraphed in recent media reports, received a mixed reaction, with analysts at Deutsche Bank saying it views the offer as too low. Shares of Safeway closed the session down 87c, or 2.2%, to $38.60... Closeout retailer Big Lots (BIG) gained $6.72, or 22.97%, to $35.97 after the company reported fourth results, said the wind-down of its Canadian operations is on schedule, and approved a $125M share repurchase program. MAJOR MOVERS: Among the notable gainers was Palo Alto Networks (PANW), up $7.67, or 11.04%, to $77.12 after a judge declared a mistrial in the company's ongoing patent infringement lawsuit with Juniper Networks (JNPR). Shares of Juniper finished the session little changed. Also higher was Foot Locker (FL), up $3.76, or 8.80%, to $46.49 after the athletic shoe and apparel retailer reported earnings and sales that beat estimates and said its first quarter same-store sales are up low-double digits so far. Among the noteworthy losers was FireEye (FEYE), down $8.51, or 9.50%, to $81.04 after the internet security provider launched a 14M share offering of common stock, which was priced at $82.00 per share. Also lower was Progress Software (PRGS), down $2.87, or 11.31%, to $22.51 after cutting its first quarter profit and sales outlook last night. INDEXES: The Dow was up 30.83, or 0.19%, to 16,452.72, the S&P 500 was up 1.01, or 0.05%, to 1,878.04, the Nasdaq was down 15.90, or 0.37%, to 4,336.22.
News For SWY;BIG;PANW;JNPR;FL;FEYE;PRGS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 19, 2014
11:19 EDTFEYEStocks with call strike movement; FEYE RSX
FireEye (FEYE) June 40 call option implied volatility decreased 4% to 51, Market Vectors Russia ETF (RSX) May 19 call option implied volatility decreased 3% to 45 according to IVolatility.
10:39 EDTFLNike leads footwear space lower after futures growth slows
Subscribe for More Information
10:02 EDTFLFoot Locker downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
December 18, 2014
10:19 EDTPANW, FEYESony 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.
06:05 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
Subscribe for More Information
December 17, 2014
09:31 EDTBIGBig Lots upgraded to Buy from Neutral at Northcoast
Subscribe for More Information
06:09 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
Subscribe for More Information
December 14, 2014
13:58 EDTJNPRJuniper and Elliott in talks on board additions, WSJ says
According to a Wall Street Journal report from Friday evening, Juniper Networks and activist investor Elliott Management are in discussions about adding new directors to Juniper's board in a move that may prevent a proxy fight. Elliott management which owns a 9% stake in the telephone equipment maker has suggested certain candidates which Juniper is evaluating, added the Wall Street Journal. Reference Link
December 11, 2014
12:02 EDTPANWPalo Alto to host special shareholder meeting
Subscribe for More Information
10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
Subscribe for More Information
December 10, 2014
08:16 EDTFEYE, JNPR, PANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
Subscribe for More Information
December 9, 2014
10:23 EDTJNPROn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:22 EDTJNPRBMO Capital to hold a conference
Subscribe for More Information
06:39 EDTJNPRJuniper initiated with a Neutral at Wedbush
Subscribe for More Information
06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
Subscribe for More Information
December 8, 2014
09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
Subscribe for More Information
08:26 EDTBIGBig Lots sell-off unwarranted at FBR Capital
Subscribe for More Information
07:28 EDTFEYEFBN Securities to hold a bus tour
Subscribe for More Information
1 | 2 | all recent news | >>

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