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Stock Market & Financial Investment News

News Breaks
January 15, 2014
07:18 EDTSYMCSymantec volatility elevated into Q3 and outlook
Symantec February call option implied volatility is at 31, April is at 27, July is at 25; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on January 29.
News For SYMC From The Last 14 Days
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September 1, 2015
10:59 EDTSYMCCyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
August 28, 2015
08:18 EDTSYMCSymantec management to meet with Jefferies
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August 24, 2015
14:21 EDTSYMCJMP Securities says pullback in Palo Alto a buying opportunity
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August 21, 2015
10:02 EDTSYMCOn The Fly: Analyst Upgrade Summary
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06:48 EDTSYMCSymantec upgraded to Equal Weight from Underweight at Morgan Stanley
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