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News Breaks
May 9, 2014
12:01 EDTCUDA, IMPV, FTNT, SYMC, CHKP, PFPT, PANW, FEYE, FFIV, QLYSSymantec advances after profit beats expectations
Shares of IT security company Symantec (SYMC) are climbing after the company reported higher than expected profit for its fiscal fourth quarter and provided full-year profit guidance that also beat analysts' consensus estimate. WHAT'S NEW: Symantec reported fourth quarter earnings per share of 47c, compared with analysts' consensus estimate of 42c. The company's revenue came in slightly below expectations. Symantec's revenue fell 7% last quarter versus the same period a year earlier, but the company said it expects its revenue to resume increasing year-over-year in the second half of fiscal 2015. Moreover, Symantec provided fiscal 2015 EPS guidance of $1.84-$1.92, versus the consensus estimate of $1.83. Its fiscal 2015 revenue guidance was in-line with expectations. "Our fourth quarter results, led by better performance from our sales teams and cost reductions, demonstrate the underlying health of our business," said Symantec's interim CEO,Michael Brown. "There are substantial opportunities for us to improve our growth profile, maximize profitability and create value, and I'm confident we have the right team and plans in place to achieve our objectives," added Brown. The company is leading an active search for a permanent CEO, and has hired executive search firm Russell Reynolds to assist with the process, Brown reported. ANALYST REACTION: In a note to investors earlier today, research firm Jopel Fishbein wrote that Symantec is "showing signs of life." The company's billings trends improved, representing a good start for its turnaround efforts, Fishbein wrote. The analyst stated that he was "cautiously optimistic" about Symantec and continues to believe that the stock holds unlocked value. He kept an Outperform rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), and Qualys (QLYS). PRICE ACTION: In late morning trading, Symantec jumped 3.6% to $20.86.
News For SYMC;QLYS;PANW;FTNT;FFIV;PFPT;IMPV;FEYE;CHKP;CUDA From The Last 14 Days
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May 22, 2015
09:34 EDTFEYEActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
May 21, 2015
13:52 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 20, 2015
15:55 EDTQLYS, CHKP, FFIV, FTNT, SYMC, IMPV, PANW, CUDA, FEYE, PFPTCareFirst 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).
10:00 EDTPANW, FEYE, CHKPOn The Fly: Analyst Initiation Summary
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09:14 EDTQLYS, PFPTJefferies software analysts hold an analyst/industry conference call
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08:41 EDTFFIV, PANW, CHKP, FEYE, PFPT, SYMC, IMPV, CUDA, FTNT, QLYSCisco CFO sees potential for acquistions in security
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07:36 EDTFEYEJPMorgan to hold a conference
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06:51 EDTFEYEFireEye initiated with a Buy at Evercore ISI
Target $50.
06:51 EDTPANWPalo Alto initiated with a Hold at Evercore ISI
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06:50 EDTCHKPCheck Point initiated with a Hold at Evercore ISI
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May 19, 2015
12:36 EDTSYMCSymantec management to meet with Jefferies
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08:10 EDTCUDATech Data announces agreement with Barracuda Networks
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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 18, 2015
12:42 EDTSYMCSymantec to receive Veritas bids in 'next few weeks,' dealReporter says
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09:06 EDTFEYEFireEye announces strategic alliance with ACE Group
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09:01 EDTFEYEMarsh, FireEye announce collaboration to offer cybersecurity readiness service
Marsh (MMC) and FireEye (FEYE) announced a collaboration to offer clients Marsh Cyber OASIS. This service is designed to assists clients by providing an objective evaluation of their organizationís ability to detect and respond to cyber-attacks, and the strength of their technical infrastructure.
08:11 EDTFTNTFortinet signs CRADA with DHS
Fortinet announced that it has signed a Collaborative Research and Development Agreement, or CRADA, with the Department of Homeland Security, or DHS. With the CRADA in place, Fortinet can now share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions. The CRADA will allow Fortinet to participate in the Cyber Information and Sharing and Collaboration Program, or CISCP, which entails sharing cyber threat, incident, and vulnerability information in near real-time, drawing on data of observed threat activity submitted by CISCP participants.
May 15, 2015
07:26 EDTSYMCSymantec outlook still positive despite earnings miss, says JMP Securities
After Symantec reported lower than expected Q4 EPS, JMP Securities says that after adjusting for foreign currency fluctuations and a true-up of defined-benefit plans, the EPS would have beat expectations by 1c. The firm says the company's headline Q1 EPS guidance also missed expectations but would have beaten after adjusting for currency and an extra selling week in last year's Q1. The firm thinks that the company's profitability is improving ,and it keeps a $30 price target and Outperform rating on the shares.
07:14 EDTIMPVPiper recommends buying shares of Imperva
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