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March 21, 2014
08:35 EDTSYMCSymantec CEO fired over innovation, management style, says JMP Securities
After Symantec's board fired its CEO, JMP Securities, citing an unnamed source, said the board thought the company was not innovating quickly enough. The board also believed that the CEO's management style made him difficult to work with,and felt that he was not sufficiently responsive to the board, added the firm. JMP Securities keeps a $26 price target and Outperform rating on the stock.
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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