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Stock Market & Financial Investment News

News Breaks
May 9, 2014
12:01 EDTSYMC, CHKP, FEYE, IMPV, PFPT, FFIV, FTNT, PANW, QLYS, CUDASymantec 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
Check below for free stories on SYMC;QLYS;PANW;FTNT;FFIV;PFPT;IMPV;FEYE;CHKP;CUDA the last two weeks.
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August 28, 2014
06:54 EDTSYMCSymantec coverage resumed with a Hold at Stifel
06:54 EDTFTNTFortinet coverage resumed with a Hold at Stifel
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06:54 EDTCHKPCheck Point coverage resumed with a Hold at Stifel
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August 27, 2014
18:38 EDTFEYEOn The Fly: After Hours Movers
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16:11 EDTFEYEFireEye initiated with a Buy at Stifel
Target $45.
07:43 EDTFFIVJefferies to hold a summit
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August 26, 2014
15:59 EDTFEYEFireEye volatility flat on wide price movement
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09:04 EDTFTNTFortinet plans to establish R&D center in Singapore
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August 25, 2014
11:39 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 20 call option implied volatility increased 2% to 65, FireEye (FEYE) December 34 call option implied volatility increased 5% to 63 according to IVolatility.
August 21, 2014
09:22 EDTFEYEFireEye has further downside, says Northland
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08:30 EDTFEYEFireEye valuation attractive, says Goldman
Goldman views Buy rated FireEye's share price as an attractive entry point for best-in-class growth, attractive positioning, reset expectations, and positive industry themes.
August 20, 2014
10:04 EDTFFIVOn The Fly: Analyst Upgrade Summary
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08:32 EDTFFIVF5 Networks upgraded at ISI Group
As noted earlier, ISI Group upgraded F5 Networks to Strong Buy from Buy. The firm thinks the company's positioning vis-a-vis NFN/SDN has improved, while its momentum from a number of growth drivers, including security, has increased. The firm is now more confident that the company's EPS could approach $7 in 2015. Target $135.
08:02 EDTPANWPalo Alto expands global distribution agreement with Westcon Group
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August 19, 2014
21:06 EDTFFIVF5 Networks upgraded to Strong Buy from Buy at ISI Group
11:27 EDTFEYEFireEye drops sharply, levels to watch
In the last 15 minutes the shares have taken a sharp turn lower, lead by a large block trade of 4.89M shares. At the current price of $27.96, the stock is down over 2.9%. Next support at current price is at $27.25. Resistance is at $28.81.
11:05 EDTCHKP, IMPV, FFIVImperva seen as takeover candidate under new CEO
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08:42 EDTFFIV, CHKP, IMPVImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
07:41 EDTIMPVImperva new CEO positive, says Oppenheimer
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06:17 EDTSYMCSymantec turns attention to smartphones, connected devices, WSJ reports
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