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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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July 14, 2014
15:20 EDTSYMCFormer Symantec CEO joins Bain Capital, WSJ reports
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07:48 EDTFFIVEstimates for F5 Networks likely to rise, says BMO Capital
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July 11, 2014
09:09 EDTCUDAOn The Fly: Pre-market Movers
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08:09 EDTPFPTProofpoint shares should be bought ahead of results, says Pacific Crest
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07:24 EDTCUDABarracuda Networks management to meet with JPMorgan
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July 10, 2014
18:35 EDTCUDAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Joe's Jeans (JOEZ), up 15.5% after reporting second quarter results above analyst estimates... Barracuda Networks (CUDA), up 2.2% after reporting quarterly results and guidance... DOWN AFTER EARNINGS: PriceSmart (PSMT), down 3.7% after reporting third quarter revenue below analyst estimates... Rent-A-Center (RCII), down 11% after reporting disappointing preliminary second quarter results. ALSO LOWER: Gap (GPS), down 2% after reporting June Same Store Sales down 2%... Arotech (ARTX), down 5.6% after filing an automatic common stock shelf... NOTABLE: MGIC Investment (MTG), down 4.8% and Radian Group (RDN), down 3.8% following the FHFA proposal to tighten capital rules for mortgage insurers.
16:59 EDTCUDABarracuda Networks sees FY15 EPS 14c-18c, consensus 14c
Sees FY15 revenue $270M-$274M, consensus $270.27M.
16:55 EDTCUDABarracuda Networks sees Q2 EPS 3c-4c, consensus 3c
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16:18 EDTCUDABarracuda Networks reports Q1 EPS 7c, consensus 3c
Reports Q1 revenue $66.21M, consensus $64.38M.
15:40 EDTSYMCSymantec calls active on renewed interest from private equity
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15:26 EDTSYMCSymantec is seeing renewed interest from private equity, says dealReporter
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15:13 EDTCUDANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include PriceSmart (PSMT), consensus 69c; Barracuda Networks (CUDA), consensus 3c; Zep, Inc. (ZEP), consensus 39c; VOXX (VOXX), consensus 6c; Joe's Jeans (JOEZ), consensus (3c); Ceres (CERE), one estimate (32c).
11:09 EDTFTNTOptions with increasing implied volatility
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09:32 EDTCHKPCheck Point view changed to Mixed from Positive at OTR Global
July 9, 2014
11:51 EDTFTNTOptions with increasing implied volatility:
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10:02 EDTFFIVOn The Fly: Analyst Initiation Summary
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08:29 EDTFTNTFortinet results poised to beat expectations, says Sterne Agee
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07:13 EDTPFPTProofpoint momentum continuing, can drive Q2 upside, says Stephens
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05:53 EDTFTNTStocks with implied volatility movement; VRS FTNT
Stocks with implied volatility movement; Verso Paper (VRS) 199, Fortinet (FTNT) 48 according to iVolatility.
05:30 EDTFFIVF5 Networks initiated with a Buy at DA Davidson
Target $145.
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