New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 22, 2014
15:30 EDTFTNTNotable companies reporting after market close
Subscribe for More Information
11:14 EDTFTNTHigh option volume stocks
Subscribe for More Information
09:24 EDTFTNTFortinet to host conference call
Subscribe for More Information
06:44 EDTSYMC, IMPV, PANW, PFPT, QLYS, FFIV, CHKP, CUDA, FEYE, FTNTU.S. weighing cybersecurity requirements for bank vendors, NY Times says
Subscribe for More Information
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
Subscribe for More Information
07:58 EDTCUDABarracuda Networks portfolio strength underappreciated, says Pacific Crest
Subscribe for More Information
October 16, 2014
10:01 EDTFEYEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:31 EDTFEYEFireEye upgraded to Overweight from Neutral at JPMorgan
Subscribe for More Information
October 14, 2014
18:20 EDTPANWOn The Fly: After Hours Movers
Subscribe for More Information
17:41 EDTPANWPalo Alto CEO sees reaching operating margins goal within next two years
Subscribe for More Information
17:39 EDTPANWPalo Alto CEO not concerned about margins
17:37 EDTPANWPalo Alto CEO says customers more thoughtful about purchases
Subscribe for More Information
07:09 EDTFFIVF5 Networks initiated with an Outperform at Credit Suisse
Subscribe for More Information
October 13, 2014
11:35 EDTQLYSQualys to host investor day
Subscribe for More Information
09:23 EDTFFIV, FEYE, CHKP, FTNTHP could buy lower valuation company, says Bernstein
Subscribe for More Information
08:05 EDTSYMCSymantec spun off companies could become targets, says Argus
Subscribe for More Information
07:04 EDTFFIVF5 Networks weakness a buying opportunity, says William Blair
Subscribe for More Information
05:35 EDTCUDABarracuda Networks management to meet with Pacific Crest
Subscribe for More Information
October 12, 2014
17:34 EDTPANW, SYMC, FEYEJPMorgan to double spending on cybersecurity over next five years, WSJ says
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