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March 11, 2014
06:36 EDTFEYE, FFIV, QLYS, SYMC, IMPV, FTNT, INTC, CHKP, PFPT, PANW, TGT, CUDAMcAfee says Target attack was carried out by service industry, Re/code reports
Last year's cyberattacks on Target (TGT) was carried out by a service industry that caters to hackers and identity thieves, Intel's (INTC) McAfee Labs stated in its quarterly report published yesterday, according to Re/code. The attack on Target was the industry's "coming of age," Re/code quoted McAfee Labs as saying. Publicly traded companies in the cybersecurity 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
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November 17, 2015
09:02 EDTTGTAnalyst pans competing products, says buy Fitbit
Shares of previous high-flier Fitbit (FIT) have dropped about 30% in the last two weeks following the company's third quarter earnings report, but an analyst at Bank of America upgraded his view of the fitness tracker maker this morning, saying that now is the time to buy ahead of fourth quarter results that may be boosted by the "underwhelming" new products being launched by its competitors. UNDERWHELMING COMPETITION: Fitbit's sales guidance for this holiday quarter looks conservative, contends Bank of America analyst Nat Schindler, who notes that the company only had the launch of one new product last December but will have the Charge, Charge HR and Surge to drive sales this season. Schindler also notes that the company's international advertising has expanded into more countries ahead of the holidays this year. Key, however, may be the "underwhelming" lineup of new or updated fitness trackers launched by competitors, such as the Microsoft's (MSFT) Band 2, Jawbone's UP4 and Sony's (SNE) Smartband 2, many of which have only minor improvements and no "must have" features to pull consumers away from Fitbit, Schindler told investors in his research note. PLATFORM PICKING UP STEAM: The analyst also pointed out that Fitbit now has more than 20 companies signed onto its health and wellness platform, including big names like Target (TGT) and Barclays (BCS), which he believes should help drive revenue beats in the upcoming fiscal year due to increased device sales. Also, the additional dashboard data should help Fitbit maintain long-term user engagement, said Schindler. APPLE WATCH: Apple's (AAPL) Apple Watch is largely viewed as the biggest potential competitive threat to Fitbit's offerings, but on the fitness tracker maker's last earnings call CEO James Park said Fitbit's products differ from those of its competitors in several key aspects, including pricing, cross-platform compatibility, brand awareness and product line breadth. Other wearables makers include Garmin (GRMN) and Samsung. PRICE ACTION: Since the day after Fitbit's last earnings report after the market close on November 2, its shares have fallen about 29.5% to close yesterday at $28.80. In pre-market trading this morning, Fitbit shares rose 2% to $29.40.
08:16 EDTQLYSBTIG to hold a summit
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08:05 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November call option implied volatility is at 43, November weekly is at 69, December is at 54, January is at 46; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on November 23.
07:56 EDTFEYEUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:48 EDTINTCHP Enterprise announces alliance with Intel
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07:42 EDTPANWPalo Alto checks point to above-consensus Q1 results, says Stephens
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07:37 EDTPANWPalo Alto results should beat expectations, says RBC Capital
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06:27 EDTINTCIntel November volatility elevated into investor meeting
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November 16, 2015
09:37 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
06:13 EDTFEYECyberArk CEO: Lack of data breaches won't hurt company, Bloomberg says
CyberArk (CYBR) is distancing itself from FireEye (FEYE), saying that the lack of security breaches won't hurt the company, Bloomberg reports, citing comments from CyberArk CEO Udi Mokady. FireEye blamed a lull in cyber attacks for its downbeat quarterly earnings, the report says. "That is totally not the case in our world," Mokady said by phone from San Francisco last week. "It's not our business model -- our model is to put in private account security ahead of time, and we're seeing increased demand, increased awareness of that." Reference Link
November 13, 2015
14:15 EDTTGTTarget volatility elevated into Q3 and outlook
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11:05 EDTTGTTarget comparable sales likely within guidance, says Piper Jaffray
Piper Jaffray analyst Sean Naughton acknowledged that sentiment is challenging on Target's stock amid the weakness being reported by a number of retailers this week, but he asserts that Census Bureau data this morning, combined with the firm's observations, leave him thinking that Target's third quarter comparable sales are within the company's guidance of up 1%-2%. The analyst, who thinks Target's fundamentals may be holding up better than some expect, has an Overweight rating and $88 price target on the stock.
10:00 EDTFFIVOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abbott (ABT) downgraded to Neutral from Buy at Goldman... Advance Auto Parts (AAP) downgraded after Q3 miss at Sterne Agee CRT... CafePress (PRSS) downgraded to Underperform from Market Perform at Raymond James... (CTRP) downgraded to Outperform from Strong Buy at Raymond James... CubeSmart (CUBE) downgraded to Outperform from Strong Buy at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at Citi... Digital Ally (DGLY) downgraded to Neutral from Buy at Roth Capital... El Pollo Loco (LOCO) downgraded to Neutral at Baird... F5 Networks (FFIV) downgraded to Market Perform from Outperform at William Blair... FirstMerit (FMER) downgraded on stock outperformance at Raymond James... Fly Leasing (FLY) downgraded to Underweight from Neutral at JPMorgan... GameStop (GME) downgraded on valuation, digital impact at Pacific Crest... Histogenics (HSGX) downgraded to Neutral from Buy at BTIG... MaxPoint (MXPT) downgraded to Hold from Buy at Needham... Memorial Resource (MRD) downgraded to Outperform at Scotia Howard Weil... Rite Aid (RAD) downgraded to Neutral from Overweight at JPMorgan... Rubicon Minerals (RBY) downgraded to Sell from Hold at Canaccord... SABMiller (SBMRY) downgraded to Hold from Buy at Berenberg... Sensata (ST) downgraded at SunTrust... Stryker (SYK) downgraded to Neutral from Buy at Goldman.
09:58 EDTFEYEFireEye calls active on renewed takeover chatter
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09:43 EDTFEYERumor: FireEye active on renewed takeover chatter
09:35 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
08:10 EDTFFIVF5 Networks downgraded on limited catalysts at JMP Securities
As noted earlier, JMP Securities downgraded F5 Networks to Market Perform from Outperform. Following the company's Analyst Day, the firm thinks the company has "limited catalysts." The firm does not expect investors to be impressed by the company's upcoming new hardware products, and it does not expect them to become a significant catalyst until fiscal 2017. JMP says it's also concerned that the transition to public clouds is hurting F5.
07:25 EDTFFIVCisco selloff an attractive opportunity, says Citi
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06:37 EDTFFIVF5 Networks downgraded to Market Perform from Outperform at JMP Securities
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05:56 EDTFFIVF5 Networks downgraded to Market Perform from Outperform at William Blair
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