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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:55 EDTWYY, WYY, FTNT, FTNT, FIRE, FIRE, QLYS, QLYS, PFPT, PFPTAmerica's Growth Capital to host a conference
9th Annual West Coast InfoSec and Technology Growth Conference is being held in San Francisco on February 25-26.
News For WYY;FTNT;FIRE;QLYS;PFPT From The Last 14 Days
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April 20, 2015
18:48 EDTFTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
17:06 EDTFTNTFortinet up 7% following Q1 results, guidance
16:52 EDTFTNTFortinet sees FY15 adjusted EPS 51c-52c, consensus 50c
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16:50 EDTFTNTFortinet sees Q2 adjusted EPS 8c-9c , consensus 11c
Sees Q2 revenue $224M-$228M, consensus $222.1M. Sees Q2 operating margin 9%-10%. Sees Q2 gross margin 70%-71%. Sees Q2 billings $263M-$268M. Guidance from slides presentation.
16:33 EDTFTNTFortinet spikes higher after results
Shares are up over 6.3% in the extended session to $36.84, a fresh 52-week high and life high. At that price support is at $35.86, the prior life high and 52-week high. Without established resistance a drift upward to the $38.50 area may be possible.
16:27 EDTFTNTFortinet reports Q1 adjusted EPS 8c, consensus 6c
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15:37 EDTFTNTNotable companies reporting after market close
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12:35 EDTFTNT, PFPTCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
April 17, 2015
15:08 EDTFTNTFortinet May volatility elevated into Q1 and outlook
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April 14, 2015
08:18 EDTWYYWidePoint subsidiary awarded provisioning services by U.K. Governement
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April 13, 2015
16:21 EDTPFPTOn The Fly: Top stock stories for Monday
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10:00 EDTQLYSOn The Fly: Analyst Downgrade Summary
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06:55 EDTQLYSQualys downgraded to Neutral from Outperform at Baird
Baird downgraded Qualys to Neutral based on valuation.
06:47 EDTPFPTPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTQLYS, FTNT, PFPTEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 8, 2015
11:08 EDTPFPT, FTNT, QLYSCybersecurity stocks in focus after White House security breach
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10:01 EDTQLYSOn The Fly: Analyst Upgrade Summary
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09:36 EDTFTNT, QLYS, PFPTSingtel acquires cybersecurity company Trustwave for $810M
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06:48 EDTPFPTPiper says White House breach highlights need for Proofpoint
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06:30 EDTQLYSQualys upgraded to Buy from Hold at Topeka
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