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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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September 9, 2014
15:32 EDTPANWPalo Alto September weekly 89 straddle priced for 6.7% move into Q4
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15:30 EDTPANWNotable companies reporting after market close
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11:12 EDTPANWPalo Alto weekly volatility elevated into Q4 and outlook
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September 8, 2014
10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:12 EDTFEYEOn The Fly: Pre-market Movers
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07:01 EDTPFPTProofpoint remains a favorite play in security at RBC Capital
RBC Capital believes the security demand environment is accelerating due to recent security breaches and Proofpoint's products continue to resonate well. The analyst said cross selling opportunities are sizable while productive gains are driving billings growth. The firm said Proofpoint is a favorite name in security and raised its price target ot $46 from $43. Shares are Outperform rated.
06:31 EDTFEYEFireEye upgraded to Buy from Neutral at UBS
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September 4, 2014
16:35 EDTPFPTFinjan provides litigation update, Proofpoint motion to stay denied
Finjan Holdings provides an update on the case Finjan (FNJN) v. Proofpoint (PFPT) et al., Case No. 5:13-cv-05808-BLF. The Honorable Beth Labson Freeman denied Proofpoint's Motion to Stay the Case pending the completion of the U.S. Patent and Trademark Office's reexamination of claims in two of eight patents-in-suit representing only 10% of the Claims in question. The Court declined to issue a Stay by concluding it "…would unnecessarily delay this litigation and unduly prejudice the interests of [Finjan]." The current matter with Proofpoint is expected to continue with the Court's previously determined calendar including a Markman hearing, which is scheduled for May 8, 2015 and trial, which is set to begin January 11, 2016.According to Julie Mar-Spinola, VP, Legal Operations of Finjan, "The Court's denial of Proofpoint's Motion to Stay clears the way for the parties to prove their respective claims against the other expeditiously and on the merits, which we believe is fair for all parties concerned."
08:05 EDTPANWPalo Alto remains a top pick at Morgan Stanley
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07:16 EDTPANWPalo Alto weekly volatility elevated into Q4 and outlook
Palo Alto September 12 weekly call option implied volatility is at 63, September is at 51, October is at 46, December is at 41; compared to its 2-week average of 46 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on September 9.
September 3, 2014
17:33 EDTSYMCSymantec, FishNet enlisted by Home Depot for breach probe, Bloomberg says
Symantec (SYMC) and FishNet Security have been enlisted by Home Depot to help investigate a suspected data breach at the retailer, says Bloomberg Businessweek. Reference Link
17:09 EDTSYMCSymantec up almost 1% after Bloomberg reports working with Home Depot on breach
17:05 EDTSYMCHome Depot working with Symantec, FishNet on data breach, Bloomberg says
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11:31 EDTFEYEStocks with call strike movement; FEYE SPLK
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10:40 EDTPANW, FEYE, FTNT, CUDA, PFPTAnalyst sees security 'spending frenzy' amid high-profile hacks
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06:44 EDTSYMC, FEYE, PANW, IMPV, FTNTSecurity market demand 'rapidly' improving, says Piper Jaffray
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September 2, 2014
07:55 EDTPANWPalo Alto business appears to be beating expectations, says Oppenheimer
Oppenheimer reports that its checks indicate that Palo Alto's business is tracking ahead of consensus estimates this quarter. The firm raised its price target on the shares to $90 from $80 and keeps an Outperform rating on the stock.
August 31, 2014
18:49 EDTSYMCSymantec interim CEO at top of candidate list for permanent job, Bloomberg says
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13:27 EDTPANW, FTNT, CHKP, SYMCAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
13:20 EDTSYMCCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
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