New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:06 EDTVMW, FTNTSpending increasing on security, infrastructure software, says Pacific Crest
After conducting checks, Pacific Crest reports that spending on both infrastructure and security software appear to be rebounding. The firm believes that spending on security appears to be particularly strong. It identifies VMware (VMW) and Fortinet (FTNT) as its favorite names In these sectors ahead of earnings. It keeps Outperform ratings on both stocks.
News For VMW;FTNT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2015
15:25 EDTVMWEMC shifts Virtustream plans, to keep majority stake, Reuters says
EMC (EMC) will maintain a majority stake in cloud services provider Virtustream, says Reuters. EMC is giving up on earlier plans to place Virtustream in a joint venture with its virtualization software company VMware (VMW), said Reuters, citing people familiar with the matter. Reference Link
14:59 EDTVMWEMC shifts Virtustream plans, to keep majority stake, Reuters says
Subscribe for More Information
14:14 EDTVMWBig shareholders threaten votes against EMC-Dell deal, Re/code reports
Subscribe for More Information
10:29 EDTFTNTPalo Alto seen adding confidence on IT security demand
The shares of IT security company Palo Alto (PANW) are rising after the company reported stronger than expected results last night. In a note to investors today, JPMorgan wrote that the results "should help restore investor confidence" in demand for IT security systems. WHAT'S NEW: Palo Alto reported first quarter earnings per share of 35c, versus analysts' consensus estimate of 32c. The company's revenue came in at $297M, versus the consensus outlook of $284M. The IT security company provided roughly in-line Q2 EPS guidance, while its Q2 revenue guidance came in slightly above expectations. "Security remains a strategic consideration embedded in virtually every IT decision, (and) as a result, the demand environment remains very healthy, said Palo Alto CEO Mark McLaughlin. ANALYST REACTION: Palo Alto's results should boost investors' confidence in the IT security demand environment, wrote JPMorgan analyst Sterling Auty. Palo Alto's results were "healthy" and the company's customer growth trends continue to be strong, the analyst stated. Moreover, the company is selling more of its products to each customer, Auty reported. As investors shift to valuing the company on cash flow, moving away from their current revenue based valuation method, the stock should rise, according to Auty, who kept a $216 price target and Overweight rating on the name. Palo Alto reported strong results, showing that the company is continuing to gain share in the new, fast growing next generation firewall and advanced threat detection market, according to Stephens analyst Jonathan Ruykhaver. Strong demand, good new products, and a wider distribution network will enable the company to deliver significant share gains and strong growth, believes the analyst, who increased his price target on the stock to $200 from $190. Also very upbeat on Palo Alto was Pacific Crest analyst Rob Owens. The company's growth continued to be "torrid" last quarter and it will clearly be among the winners in the IT security sector, wrote Owens, who raised his price target on the shares to $210 from $190 and kept an Overweight rating on the name. WHAT'S NOTABLE: Other publicly traded companies in the IT security space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Palo Alto climbed 7% to $184.22.
November 23, 2015
09:02 EDTFTNTFortinet hires Tyson Macaulay as Chief Security Strategist
Fortinet announced that it has expanded its information security services with the appointment of security industry veteran Tyson Macaulay as Chief Security Strategist and vice president of consulting services. In this newly created role, Macaulay will be a trusted advisor to C-Level enterprise customers, helping them take a holistic approach to managing their data security environments in a threat landscape that is rapidly changing and evolving. Macaulay joins Fortinet from Intel Security, where he served as the Chief Technology Officer for Telecommunications Strategy and played an instrumental role in developing security solutions and sales channels through tier-1 carriers, service providers, and telecommunications equipment manufacturers.
08:17 EDTVMWEMC risk/reward favorable, says Bernstein
Bernstein notes that EMC's stock is trading at an approximately 24% discount to the valuation at which it agreed to be acquired by Dell and Silver Lake. The firm blames the discrepancy on the decline in VMware's stock since the deal was announced and concerns about the VMware tracking stock. Bernstein blames the decline in VMware's stock on concerns about its corporate governance following the deal and its weak revenue guidance issued last month. Nonetheless, Bernstein thinks the EMC deal will probably close and sees the risk/reward ratio of the stock as positive. It keeps a $30 price target and Outperform rating on the shares.
November 20, 2015
10:31 EDTVMWAttorneys say EMC deal tax worries overblown, dealReporter says
Subscribe for More Information
November 19, 2015
16:11 EDTVMWGoogle names VMware co-founder to lead cloud businesses
Subscribe for More Information
07:15 EDTFTNTPalo Alto Fortinet seen as potential Cisco takeover targets, says Oppenheimer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use