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News Breaks
May 9, 2014
12:01 EDTCHKP, PFPT, PANW, FEYE, FFIV, QLYS, CUDA, IMPV, FTNT, SYMCSymantec 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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March 27, 2015
10:03 EDTFFIV, FEYEOn The Fly: Analyst Initiation Summary
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09:10 EDTPANWPalo Alto to host investor meeting
Investor meeting to be held in Las Vegas on March 30 at 4 pm. Webcast Link
March 26, 2015
16:52 EDTFEYEFireEye initiated with a Market Perform at Raymond James
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16:36 EDTFFIVF5 Networks initiated with a Buy at Guggenheim
Target $130.
March 25, 2015
08:54 EDTSYMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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07:39 EDTFFIVF5 Networks free cash flow could reach $11 by fiscal 2017, says Pacific Crest
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March 23, 2015
14:57 EDTPANWPalo Alto volatility at low end of historic range
Palo Alto March weekly call option implied volatility is at 37, April is at 33, June is at 34; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 2.
10:08 EDTFTNTHigh option volume stocks
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March 20, 2015
15:40 EDTSYMC, QLYS, PFPT, CUDA, PANW, IMPV, FEYE, FTNT, FFIV, CHKPMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
March 19, 2015
08:45 EDTFEYEHouse Permanent Select Committee on Intelligence to hold a hearing
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March 18, 2015
08:08 EDTFTNTFortinet price target raised to $39 from $35 at Oppenheimer
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March 17, 2015
07:31 EDTPFPTProofpoint momentum continuing this quarter, says Pacific Crest
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March 16, 2015
11:17 EDTFEYEFireEye call activity attributed to takeover chatter
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11:02 EDTFEYERumor: FireEye strength attributed to takeover speculation
Shares of FireEye (FEYE) are moving higher on speculation Cisco (CSCO) may acquire the company.
08:29 EDTFFIVChecks on F5 Networks positive, says Deutsche Bank
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