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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
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October 23, 2014
16:27 EDTPFPTProofpoint sees Q4 EPS (12c)-(10c), consensus (9c)
Sees Q4 revenue $52M-$53M, consensus $49.44M. Sees Q4 billings $63M-$64M. Sees Q4 adjusted EBITDA loss ($1M)-($0.5M).
16:26 EDTPFPTProofpoint sees FY14 EPS (43c)-(41c), consensus (39c)
Proofpoint raises FY14 revenue view to $191.4M-$192.4M, consensus $186.23M. Raises FY14 billings view to $221.8M-$222.8M. Sees FY14 adjusted EBITDA loss to be in the range of ($2M)-($1.5M). FY14 Free cash flow is expected to be in the range of breakeven to positive $5M, which assumes capital expenditures of $16M-$18M for the full year.
16:23 EDTPFPTProofpoint reports Q3 EPS (11c), consensus (11c)
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11:25 EDTFEYE, CHKP, FTNT, PANWInternet security names climb after Check Point, Fortinet beat expectations
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08:59 EDTFTNTFortinet strong sales execution likely to continue into FY15, says Sterne Agee
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08:46 EDTCHKPCheck Point sees FY adjusted EPS $3.64-$3.74, consensus $3.66
Sees FY revenue $1.47B-$1.55B, consensus $1.48B.
08:45 EDTCHKPCheck Point sees Q4 adjusted EPS 99c-$1.09, consensus $1.03
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08:17 EDTSYMCIDC says IBM should look at Symantec info-management unit, Bloomberg reports
Analysts have said acquisitions would be a better use of IBM's (IBM) cash than share repurchases and IDC Corp. pointed to Symantecís (SYMC) information-management division and cloud-storage provider Box as two logical options, reported Bloomberg's "Real M&A" column. Reference Link
05:44 EDTCHKPCheck Point reports Q3 EPS 93c, consensus 91c
Reports Q3 revenue $370.37M, consensus $367.1M.
October 22, 2014
18:34 EDTFTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:32 EDTFTNTFortinet sees 2014 EPS 47c-48c, consensus 48c
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16:31 EDTFTNTFortinet sees Q4 EPS 13c-14c, consensus 15c
Sees Q4 revenue $206M-$211M, consensus $202.92M. Guidance issued in earnings call slides.
16:16 EDTFTNTFortinet reports Q3 EPS 12c, consensus 11c
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15:30 EDTFTNTNotable companies reporting after market close
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11:14 EDTFTNTHigh option volume stocks
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09:24 EDTFTNTFortinet to host conference call
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06:44 EDTQLYS, PFPT, SYMC, PANW, CHKP, FTNT, IMPV, FEYE, CUDA, FFIVU.S. weighing cybersecurity requirements for bank vendors, NY Times says
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October 21, 2014
07:30 EDTPANWPalo Alto price target raised to $115 from $100 at Oppenheimer
Oppenheimer raised its price target for Palo Alto Networks shares to $115 after meeting with management and reiterates an Outperform rating on the stock. The firm thinks shares can continue to move higher as the company's fundamentals remain intact.
October 20, 2014
16:07 EDTIMPVImperva announces Kim DeCarlis joins company as CMO
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07:58 EDTCUDABarracuda Networks portfolio strength underappreciated, says Pacific Crest
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