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Stock Market & Financial Investment News

News Breaks
May 9, 2014
12:01 EDTIMPV, FTNT, SYMC, CHKP, PFPT, PANW, FEYE, FFIV, 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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November 11, 2014
06:10 EDTQLYSQualys initiated with an Underperform at Macquarie
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06:10 EDTPFPTProofpoint initiated with an Outperform at Macquarie
Target $48.
06:10 EDTPANWPalo Alto initiated with an Outperform at Macquarie
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06:10 EDTFEYEFireEye initiated with a Neutral at Macquarie
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06:10 EDTCUDABarracuda Networks initiated with an Outperform at Macquarie
Target $35.
06:10 EDTCHKPCheck Point initiated with an Outperform at Macquarie
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06:10 EDTFTNTFortinet initiated with a Neutral at Macquarie
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November 10, 2014
15:43 EDTIMPV, PANWAmerican Petroleum Institute to hold a conference
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14:38 EDTPANW, FTNT, FFIV, CHKP, QLYS, FEYE, CUDA, IMPV, PFPT, SYMCU.S. Postal Service suffered cyberattack, NY Times reports
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13:30 EDTFFIVF5 Networks volatility low into investor day
F5 Networks November weekly call option implied volatility is at 32, November is at 28, December and January is at 26; compared to its 26-week average of 33 according to Track Data, suggesting non-directional near term price movement into a company sponsored investor meeting on November 13.
12:42 EDTFEYEFireEye details hack attack found on Apple operating system
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12:39 EDTFEYEFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:30 EDTFEYEFireEye advances after JPMorgan adds to Focus List
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07:30 EDTFEYEFireEye added to Focus List, Akamai removed at JPMorgan
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07:23 EDTQLYSRBC Capital to hold a conference
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November 7, 2014
17:00 EDTFEYEMarket ends week higher after upbeat U.S. data, hint at ECB easing
Stocks finished the week higher and near record levels as several better than expected U.S. economic data points boosted shares. MACRO NEWS: In the U.S., weekly jobless claims, a manufacturing index for October, and factory orders for September all beat expectations. The nonfarm payrolls report showed fewer than expected jobs were added last month, but the figures from the prior two months were upwardly revised... European Central Bank President Mario Draghi said the ECB Governing Council was unanimous in its commitment to use unconventional instruments if needed to boost the euro zone's economy. Meanwhile, some possible "green shoots" emerged in Europe, as France reported that its manufacturing output had risen 0.6% in September versus August. Furthermore, Western European car sales surged 5.5% in October versus the same period a year earlier, Reuters reported, citing industry data. There was, however, some negative news out of Europe, as Germany said that its factory orders had increased just 0.8% in September, following a revised 4.2% slump in August. Economists had expected the orders to jump 2.3%. Also, the European Commission cut its 2014 GDP growth forecast for the EU to 0.8% from its previous forecast for a 1.2% gain. COMPANY NEWS: Tesla (TSLA), Chinese e-commerce giant Alibaba (BABA), Archer Daniels Midland (ADM), International Paper (IP), Whole Foods (WFM), and upscale accessories and apparel maker Kate Spade (KATE) were among the stocks that climbed following their results. Conversely, multi-level marketer Herbalife (HLF), Priceline (PCLN), Michael Kors (KORS), IT security company FireEye (FEYE), and chip maker Qualcomm (QCOM) fell following their quarterly reports... In takeover news, clinical laboratory company LabCorp (LH) said it would buy drug development services company Covance (CVD) for $105.12 per share in cash and stock, and marketing services company Sapient (SAPE) agreed to be acquired by French advertising giant Publicis (PUBGY) for $25.00 per share in cash... Shares of a number of hospital owners, including Tenet Healthcare (THC), Community Health (CYH), and HCA Holdings (HCA) fell after Republicans won control of the U.S. Senate. Republicans have promised to seek to repeal most parts of the Affordable Care Act, which benefits hospitals by reducing the number of uninsured patients that use their services. Additionally, the Supreme Court today agreed to hear a lawsuit challenging the federal government's right to subsidize the health insurance premiums of Americans who buy health insurance through the federal exchange set up by the Act... The Justice Department sued to block the acquisition of Screenvision, which provides solutions related to cinema advertising, by movie theater ad network National CineMedia (NCMI), sending its stock lower. Movie theater operator Carmike Cinemas (CKEC), which owns a 19% “profits interest" in the holding company for Screenvision, also slid following the news. INDEXES: For the week, the Dow is up 1.04% to 17,573.93, the Nasdaq is up 0.03% to 4,632.53, and the S&P 500 is up 0.66% to 2,031.92.
11:06 EDTFEYEFireEye to hold an analyst update
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11:01 EDTSYMCSymantec management to meet with Barclays
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06:37 EDTSYMCSymantec to cut 2,000 jobs as it splits business, Mercury News reports
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November 6, 2014
08:12 EDTFEYENorse awarded $1.9M DOE contract, teams with FireEye
Norse announced it has been awarded a $1.9M contract with the U.S. Department of Energy to provide the department with comprehensive live threat intelligence solutions, services and key integrations in support of the DOE's Cybersecurity Risk Information Sharing Program that is managed by the Office of Electricity Delivery and Energy Reliability. The contract calls for Norse to provide national critical-infrastructure owners and operators in the energy sector with live cyber threat detection, proactive mitigation and reporting capabilities. Norse will also provide the DOE with access to its cloud-based live attack intelligence solutions, including Norse DarkList and Norse DarkViking. A key part of this effort will involve Norse collaborating with FireEye to tightly integrate Norse live attack intelligence solutions with FireEye hardware to provide live threat analysis of traffic within and outside of the networks of CRISP participants.
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