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FEYE

FireEye

$13.30

-0.46 (-3.34%)

, FTNT

Fortinet

$34.09

-0.9 (-2.57%)

17:51
10/11/16
10/11
17:51
10/11/16
17:51

FireEye down 2.26% after Fortinet reports preliminary Q3 EPS

FEYE

FireEye

$13.30

-0.46 (-3.34%)

FTNT

Fortinet

$34.09

-0.9 (-2.57%)

  • 03

    Nov

  • 14

    Nov

  • 08

    Dec

  • 12

    Dec

FEYE FireEye
$13.30

-0.46 (-3.34%)

08/05/16
08/05/16
DOWNGRADE

Hold
Follow-up: FireEye downgraded to Hold at Wunderlich
As previously reported, Wunderlich downgraded FireEye to Hold and lowered its price target to $15 from $21. Analyst Ryan MacDonald said FireEye revenues and billings for Q2 came below expectations, resulting in another guidance down by management. The analyst said FireEye is clearly experiencing issues as a result of shifting dynamics in the security marketplace, combined with internal sales execution issues, creating too much uncertainty.
08/09/16
IMPC
08/09/16
DOWNGRADE
Target $15
IMPC
In-Line
FireEye downgraded to In-Line from Outperform at Imperial Capital
Imperial Capital analyst Michael Kim downgraded FireEye to In-Line citing a weaker billings outlook following the company's Q2 results. The analyst cut his price target for the shares to $15 from $25.
08/09/16
08/09/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apache (APA) downgraded to Neutral from Buy at Citi with analyst Robert Morris citing limited upside to his slightly reduced price target of $53. 2. FireEye (FEYE) downgraded to In-Line from Outperform at Imperial Capital with analyst Michael Kim citing a weaker billings outlook following the company's second quarter results. 3. Infosys (INFY) downgraded to Hold from Buy at HSBC. 4. Waste Management (WM) downgraded to Equal Weight from Overweight at Barclays. 5. Patterson-UTI (PTEN) downgraded to Underperform from Neutral at Macquarie with analyst Walt Chancellor citing concerns about significant excess capacity persisting across the land drilling space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/18/16
JMPS
08/18/16
NO CHANGE
JMPS
Few IT security names have negative read through from Cisco, say JMP Securities
JMP Securities analyst Erik Suppger noted that Cisco's (CSCO) advanced threat security solution grew 80% year-over-year. The analyst thinks that the system is taking share, and he believes that this bodes badly for FireEye (FEYE) and, to a more limited extent, vendors such as Palo Alto Networks (PANW) Check Point Software (CHKP), and Fortinet (FTNT). The analyst keeps an Outperform rating on Palo Alto and Fortinet and Market Perform ratings on Check Point and FireEye.
FTNT Fortinet
$34.09

-0.9 (-2.57%)

08/30/16
PACS
08/30/16
UPGRADE
Target $47
PACS
Overweight
Fortinet upgraded to Overweight from Sector Weight at Pacific Crest
Pacific Crest analyst Rob Owens upgraded Fortinet to Overweight saying management's focus on enhanced profitability should drive share outperformance. The analyst believes the company's "breadth of platform continues to resonate well with customers" and he has a $47 price target for the shares.
08/30/16
PACS
08/30/16
DOWNGRADE
PACS
Sector Weight
Imperva downgraded to Sector Weight from Overweight at Pacific Crest
Pacific Crest analyst Rob Owens downgraded Imperva (IMPV) to Sector Weight saying the company's fundamentals continue to be challenged. Iimproved performance will take longer than the Street appreciates, Owens tells investors in a research note. The analyst sees a "limited number" of strategic suitors for Imperva and thinks the current share price could prevent "meaningful upside" should a buyer step in. Owens coupled the downgrade with upgrades this morning of Barracuda (CUDA) and Fortinet (FTNT) to Overweight.
08/30/16
08/30/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) upgraded to Outperform from Neutral at Baird by analyst David Tarantino, who believes the stock's risk/reward has become more favorable following the year-to-date underperformance. The analyst admits that slower U.S. industry demand trends and challenging upcoming comparisons pose a "short-term headwind," but thinks the company's "attractive" dividend yield can help to limit further downside risk in the shares. 2. United Continental (UAL) upgraded to Outperform from Market Perform at Raymond James, with analyst Savanthi Syth applauding the selection of Scott Kirby as President and Andrew Levy as CFO. Syth said both have strong industry experience and has increased conviction United will reduce its margin gap relative to its peers over the next 12-18 months. 3. VMware (VMW) upgraded to Buy from Neutral by SunTrust analyst John Rizzuto, who says that the company has effectively diversified beyond its server virtualization roots. The analyst, who expects the company's revenue to bottom this year and accelerate through the end of the decade, raised his price target on the stock to $92 from $64. 4. Barracuda (CUDA) upgraded to Overweight from Sector Weight at Pacific Crest, as analyst Rob Owens said he's seeing improved trends due to the company's renewed product alignment and cloud-centric channel marketing campaign. 5. Fortinet (FTNT) upgraded to Overweight from Sector Weight at Pacific Crest by Rob Owens, who believes management's focus on enhanced profitability should drive share outperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
OPCO
09/23/16
NO CHANGE
OPCO
Outperform
Speculation suggests Imperva takeover in 'near sight,' says Oppenheimer
Oppenheimer analyst Shaul Eyal is not surprised to see the list of potential Imperva (IMPV) buyer candidates mentioned in an article from Bloomberg, which includes Cisco (CSCO), IBM (IBM), Fortinet (FTNT), Akamai (AKAM), and privately held Forcepoint. The analyst envisions Imperva's product line aligning particularly well with Cisco's and IBM's given the recent drive by both to expand their security offerings. Eyal sees a potential price target ranging between $55-$60 if the speculation has any merit and sufficient interest from multiple bidders. Oppenheimer has an Outperform rating on Imperva's shares.

TODAY'S FREE FLY STORIES

AAPL

Apple

$150.55

-1.34 (-0.88%)

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SSNLF

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OPK

OPKO Health

$6.87

0.16 (2.38%)

12:05
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Opko Health call volume above normal and directionally bullish »

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PSO

Pearson

$7.78

-0.04 (-0.51%)

12:03
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12:03
Downgrade
Pearson rating change  »

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LGF.A

Lionsgate

$31.12

-0.16 (-0.51%)

12:02
09/26/17
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12:02
Conference/Events
Lionsgate management to meet with Piper Jaffray »

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LGF.A

Lionsgate

$31.12

-0.16 (-0.51%)

12:00
09/26/17
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12:00
Conference/Events
Lionsgate management to meet with Piper Jaffray »

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PDS

Precision Drilling

$3.11

0.02 (0.65%)

12:00
09/26/17
09/26
12:00
09/26/17
12:00
Conference/Events
Precision Drilling management to meet with Evercore ISI »

Group luncheon to be held…

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  • 28

    Sep

LUXTY

Luxottica

$55.99

-0.36 (-0.64%)

12:00
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EU opens in-depth probe into proposed Luxottica, Essilor merger »

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11:55
09/26/17
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Conference/Events
William Blair medical technology analyst holds analyst/industry conference call »

Medical Technology…

UBNT

Ubiquiti

$55.43

1.25 (2.31%)

11:55
09/26/17
09/26
11:55
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11:55
Conference/Events
Ubiquiti to hold a conference call »

Chairman, Founder &…

03/08/13
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Citigroup
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EA

Electronic Arts

$114.20

-4.3 (-3.63%)

11:50
09/26/17
09/26
11:50
09/26/17
11:50
Options
1.8K Electronic Arts Nov 115 - 125 call spreads for $3.25 »

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IGT

International Game

$24.32

1.07 (4.60%)

11:45
09/26/17
09/26
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Options
International Game call volume above normal and directionally bullish »

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11:45
09/26/17
09/26
11:45
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11:45
General news
Treasury's $35 B 4-week bill sale was on the soft side »

Treasury's $35 B…

AXON

Axovant Sciences

$24.25

-0.74 (-2.96%)

11:38
09/26/17
09/26
11:38
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11:38
Recommendations
Axovant Sciences analyst commentary  »

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  • 26

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HES

Hess Corp.

$46.00

-0.1 (-0.22%)

11:35
09/26/17
09/26
11:35
09/26/17
11:35
Options
Hess Corp. put volume heavy and directionally bearish »

Bearish flow noted in…

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11:35
09/26/17
09/26
11:35
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11:35
General news
Breaking General news story  »

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11:34
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General news
4-Week Bill Auction Total Amount data reported »

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RLJE

RLJ Entertainment

$3.38

-0.22 (-6.11%)

11:30
09/26/17
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Conference/Events
RLJ Entertainment management to meet with MKM Partners »

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FPO

First Potomac

$11.15

0.005 (0.04%)

, GOV

Government Properties

$18.76

0.32 (1.74%)

11:30
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FPO

First Potomac

$11.15

0.005 (0.04%)

GOV

Government Properties

$18.76

0.32 (1.74%)

03/08/13
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  • 26

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11:30
09/26/17
09/26
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General news
FX Action: USD-CAD »

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MBI

MBIA

$9.57

-0.26 (-2.65%)

11:29
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Conference/Events
MBIA management to meet with MKM Partners »

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  • 27

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GPRO

GoPro

$11.18

0.43 (4.00%)

11:25
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Options
GoPro call volume above normal and directionally bullish »

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11:25
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Conference/Events
Federal Reserve Bank of Atlanta President speaks on the economic outlook »

Atlanta Federal Reserve…

GNCA

Genocea

11:24
09/26/17
09/26
11:24
09/26/17
11:24
Downgrade
Genocea rating change  »

Genocea downgraded to…

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  • 26

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SYT

Syngenta

$92.04

-0.0399 (-0.04%)

11:19
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Periodicals
Breaking Periodicals news story on Syngenta »

Syngenta settles…

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C

Citi

11:17
09/26/17
09/26
11:17
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11:17
Periodicals
Citibank in talks with South Africa over $135M airline loan, Reuters reports »

South Africa and Citibank…

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