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PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

, CHKP

Check Point

$102.98

0.83 (0.81%)

18:15
11/20/17
11/20
18:15
11/20/17
18:15

Palo Alto quarter positive for Check Point, Fortinet, says JPMorgan

JPMorgan analyst Sterling Auty says Palo Alto Networks' (PANW) October quarter beat and guidance raise, despite showing market share gains, is good for the overall network security market, specifically Check Point Software (CKHP) and Fortinet (FTNT). The results prove investor concerns over the shift to the cloud have been overdone, Auty tells investors in a research note. In after-hours trading, Palo Alto is trading up 7% to $152.20 while Fortinet is up 23c to $41.00.

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

CHKP

Check Point

$102.98

0.83 (0.81%)

FTNT

Fortinet

$40.77

0.46 (1.14%)

  • 20

    Nov

  • 07

    Dec

  • 11

    Dec

  • 11

    Dec

  • 17

    Jan

PANW Palo Alto Networks
$142.53

-0.19 (-0.13%)

11/16/17
JMPS
11/16/17
NO CHANGE
JMPS
Outperform
Cisco results bode well for Palo Alto, Arista Networks, says JMP Securities
JMP Securities analyst Erik Suppiger noted that in contrast to investor worries about a market slowdown, Cisco's (CSCO) security business re-accelerated to 8% yearly growth from last quarter's disappointing 3% growth rate. Cisco's results bode well for Palo Alto Networks (PANW) and Arista Networks (ANET), said Suppiger, who has Outperform ratings on both of the latter stocks and maintains a Market Perform rating on Cisco.
11/14/17
STFL
11/14/17
NO CHANGE
Target $180
STFL
Buy
Stifel encouraged by Palo Alto Networks checks ahead of earnings
Stifel analyst Gur Talpaz said sentiment on Palo Alto Networks is mixed heading into earnings, but his checks point to ongoing improvements in the company's business. Particularly, a large distributor noted that October was its best month on record in terms of Palo Alto, Talpaz tells investors. The analyst, who thinks the bar for Q1 is set at an "achievable" level, said he was encouraged by his checks and he keeps a Buy rating and $180 target price on Palo Alto shares ahead of the company's report on November 20.
11/14/17
DBAB
11/14/17
NO CHANGE
DBAB
Deutsche cautious on firewall demand after field work
Deutsche Bank analysts Karl Keirstead and Gray Powell are "incrementally more cautious" on Check Point (CHKP), Fortinet (FTNT) and Palo Alto Networks (PANW) after doing some field work in the network security space. The consensus view of resellers was that traditional firewall demand is "stable at best, and more likely weakening," the analysts tell investors in a research note. The channel work suggests the disappointing Q4 guidance from Check Point and Fortinet may not be company-specific, and raise the risk level for Palo Alto's earnings report next week, they contend. Keirstead and Powell do not see any significant signs of recovery in product revenue growth at the main network security vendors in the first half of 2018. They add that their channel work is positive for email security and Proofpoint (PFPT).
11/10/17
PIPR
11/10/17
NO CHANGE
Target $155
PIPR
Overweight
Palo Alto checks suggest 'depressed' market demand, says Piper Jaffray
Piper Jaffray analyst Andrew Nowinski says another round of channel checks with Palo Alto Networks resellers suggest market demand is "depressed," particularly from the large enterprise customers. The analyst, however, does not believe this represents much of a change from Q3 to Q4, and as such, is already factored into management's guidance. He also notes Palo Alto faces easy comparisons for both product revenue and billings in Q2 and Q3, suggesting guidance should be in line with Street expectations. Nowinski reiterates an Overweight rating on the shares with a $155 price target.
CHKP Check Point
$102.98

0.83 (0.81%)

11/01/17
FBCO
11/01/17
NO CHANGE
Target $105
FBCO
Neutral
Check Point price target lowered to $105 from $110 at Credit Suisse
Credit Suisse analyst Brad Zelnick lowered his price target for Check Point to $105 from $110 following quarterly results as he interprets its Q3 results as supportive of his broader negative call on the firewall category. The analyst reiterates a Neutral rating on the shares.
11/01/17
COWN
11/01/17
DOWNGRADE
Target $112
COWN
Market Perform
Check Point downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Gregg Moskowitz downgraded Check Point to Market Perform from Outperform following its Q3 results. The analyst cited disappointing billings as the U.S. experienced weakness due to issues arising from GTM changes. The guidance was also disappointing and he believes the headwinds could persist for awhile. Moskowitz lowered his price target to $112 from $120 on Check Point shares.
11/01/17
11/01/17
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. General Motors (GM) downgraded to Neutral from Buy at Nomura Instinet with analyst Anindya Das citing "limited scope" for raising his estimates much higher given the competitive landscape in the North American market. 2. Under Armour (UAA, UA) was downgraded to Hold from Buy at SunTrust and to Sell from Hold at Canaccord. 3. Alaska Air (ALK) and JetBlue (JBLU) were downgraded to Neutral from Overweight at JPMorgan, while United Continental (UAL) and Spirit Airlines (SAVE) were downgraded to Underweight from Neutral. 4. Check Point (CHKP) was downgraded to Equal Weight from Overweight at Stephens, to Neutral from Buy at BTIG, and to Market Perform from Outperform at Cowen. 5. Goodyear Tire (GT) downgraded to Neutral from Buy at Guggenheim with analyst Emmanuel Rosner saying he sees additional downside at current levels due to concerns "deep share losses and margin erosion" could continue given the increasingly competitive tire market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FTNT Fortinet
$40.77

0.46 (1.14%)

09/18/17
OPCO
09/18/17
NO CHANGE
Target $45
OPCO
Outperform
Equifax breach could become tailwind for Fortinet, says Oppenheimer
Following a meeting with Fortinet's (FTNT) management, Oppenheimer analyst Shaul Eyal believes the Equifax (EFX) breach could yield an effect akin to the late-2013 Target (TGT) breach, whereby heightened security awareness and an increase in involvement across boards and C-level executives which could convert into increased security budgets. Further, the analyst believes Fortinet is focused on better positioning itself for IT trends, and that its "strong growth" in subscription services remains in-tact and higher-end appliance traction remains a strong-point for its product segment. Eyal reiterates an Outperform rating and $45 price target on Fortinet's shares.
10/18/17
DBAB
10/18/17
NO CHANGE
Target $114
DBAB
Buy
Proofpoint price target raised to $114 from $100 at Deutsche Bank
Deutsche Bank analyst Gray Powell raised his price target for Proofpoint (PFPT) shares to $114 after taking over coverage from Karl Keirstead. The analyst this morning also upgraded Fortinet (FTNT) to Buy. He believes Proofpoint is "uniquely positioned" in the cybersecurity space and "highly differentiated" relative to peers. The analyst reiterates a Buy rating on the shares.
10/18/17
DBAB
10/18/17
UPGRADE
Target $48
DBAB
Buy
Fortinet upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Gray Powell upgraded Fortinet to Buy and raised his price target for the shares to $48 from $36 after taking over coverage from Karl Keirstead. The analyst believes Fortinet will continue to gain market share in the network security space and thinks the company exhibits an attractive revenue and free cash flow growth profile relative to its valuation. He sees a favorable risk/reward on the stock.

TODAY'S FREE FLY STORIES

CSX

CSX

$52.93

-4.38 (-7.64%)

15:18
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CBOE

CBOE Holdings

$126.37

0.31 (0.25%)

11:22
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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

0.11 (0.32%)

11:17
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Periodicals
Disney/Fox 'a murky web of deals within deals,' Barron's says »

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DIS

Disney

$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

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ALK

Alaska Air

$70.83

1.44 (2.08%)

10:53
12/16/17
12/16
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10:53
Periodicals
Alaska air should bounce back in 2018, Barron's says »

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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

10:42
12/16/17
12/16
10:42
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10:42
Periodicals
Spark Therapeutics selloff may be overdone, Barron's says »

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  • 12

    Jan

AAPL

Apple

$173.97

1.75 (1.02%)

10:29
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12/16
10:29
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10:29
Periodicals
New Apple iPhone features also bring software bugs, Barron's says »

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NFLX

Netflix

$190.12

0.56 (0.30%)

, DIS

Disney

$111.27

0.7 (0.63%)

10:19
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12/16
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10:19
Periodicals
More consolidation to come after Disney/Fox deal, Barron's says »

Netflix (NFLX) success…

NFLX

Netflix

$190.12

0.56 (0.30%)

DIS

Disney

$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

MSGN

MSG Networks

$19.80

0.05 (0.25%)

AMCX

AMC Networks

$55.33

1.16 (2.14%)

VIAB

Viacom

$30.24

0.53 (1.78%)

03/08/13
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03/06/13
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03/06/13
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  • 08

    Feb

XOM

Exxon Mobil

$83.03

0.13 (0.16%)

09:22
12/16/17
12/16
09:22
12/16/17
09:22
Periodicals
Exxon disclosure of climate-change regulation impact has risks, Barron's says »

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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

0.11 (0.32%)

07:58
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12/16
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07:58
Hot Stocks
Week in review: How Trump's policies moved stocks »

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DIS

Disney

$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

T

AT&T

$38.24

0.5 (1.32%)

CHTR

Charter

$322.31

-6.37 (-1.94%)

CMCSA

Comcast

$39.71

0.59 (1.51%)

CMCSK

Comcast

VZ

Verizon

$52.67

0.33 (0.63%)

NFLX

Netflix

$190.12

0.56 (0.30%)

AMZN

Amazon.com

$1,179.14

4.88 (0.42%)

FB

Facebook

$180.18

1.79 (1.00%)

TWTR

Twitter

$22.23

-0.35 (-1.55%)

GOOG

Alphabet

$1,064.19

15.04 (1.43%)

GOOGL

Alphabet Class A

$1,072.00

14.53 (1.37%)

DFS

Discover

$74.59

0.92 (1.25%)

SYF

Synchrony

$37.19

0.2 (0.54%)

COF

Capital One

$96.31

2.25 (2.39%)

OMF

OneMain Holdings

$25.50

0.25 (0.99%)

CIT

CIT Group

$49.78

0.64 (1.30%)

SC

Santander Consumer

$17.99

-0.29 (-1.59%)

SLM

Sallie Mae

$11.17

0.18 (1.64%)

AL

Air Lease

$45.80

1.07 (2.39%)

03/08/13
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03/06/13
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03/06/13
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  • 11

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    Dec

SHOO

Steven Madden

$44.15

1.15 (2.67%)

04:55
12/16/17
12/16
04:55
12/16/17
04:55
Conference/Events
Steven Madden management to meet with B. Riley FBR »

Meetings to be held in…

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  • 16

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STLD

Steel Dynamics

$39.85

0.01 (0.03%)

18:07
12/15/17
12/15
18:07
12/15/17
18:07
Earnings
Steel Dynamics sees Q4 EPS 48c-52c, consensus 55c »

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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

17:42
12/15/17
12/15
17:42
12/15/17
17:42
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

House plans to vote…

SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

17:42
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17:42
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Periodicals
Republicans release final tax bill proposal, CNBC reports »

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SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

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MCK

McKesson

$162.60

5.4 (3.44%)

17:37
12/15/17
12/15
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Hot Stocks
McKesson awarded $400M government contract »

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AEE

Ameren

$60.94

0.11 (0.18%)

17:34
12/15/17
12/15
17:34
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17:34
Syndicate
Breaking Syndicate news story on Ameren »

Ameren files automatic…

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AKAM

Akamai

$57.76

1 (1.76%)

, AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

17:33
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On The Fly: After Hours Movers »

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AKAM

Akamai

$57.76

1 (1.76%)

AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

PG

Procter & Gamble

$91.89

0.89 (0.98%)

PETX

Aratana Therapeutics

$5.73

0.15 (2.69%)

HPE

HP Enterprise

$14.41

0.17 (1.19%)

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  • 09

    Jan

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    Dec

GRMN

Garmin

$58.36

-1.1 (-1.85%)

17:32
12/15/17
12/15
17:32
12/15/17
17:32
Recommendations
Garmin analyst commentary at Tigress Financial »

Garmin growth…

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LMT

Lockheed Martin

$322.82

5.81 (1.83%)

17:26
12/15/17
12/15
17:26
12/15/17
17:26
Hot Stocks
Lockheed Martin awarded $135.83M government contract »

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  • 07

    Mar

PG

Procter & Gamble

$91.89

0.89 (0.98%)

17:19
12/15/17
12/15
17:19
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17:19
Hot Stocks
Peltz to join Procter & Gamble board effective March 1, 2018 »

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PG

Procter & Gamble

$91.89

0.89 (0.98%)

, NVS

Novartis

$84.86

0.39 (0.46%)

17:19
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12/15
17:19
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17:19
Hot Stocks
P&G names Trian's Nelson Peltz, Novartis CEO Jimenez to board »

Procter & Gamble (PG)…

PG

Procter & Gamble

$91.89

0.89 (0.98%)

NVS

Novartis

$84.86

0.39 (0.46%)

03/08/13
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03/06/13
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  • 18

    Jan

  • 17

    May

SNSS

Sunesis

$3.36

0.16 (5.00%)

17:16
12/15/17
12/15
17:16
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17:16
Hot Stocks
Sunesis CEO Swisher to resign, Dayton Misfeldt named interim CEO »

According to a regulatory…

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T

AT&T

$38.24

0.5 (1.32%)

, BA

Boeing

$293.94

0.06 (0.02%)

17:09
12/15/17
12/15
17:09
12/15/17
17:09
Hot Stocks
AT&T CEO Stephenson resigns from Boeing board »

According to a regulatory…

T

AT&T

$38.24

0.5 (1.32%)

BA

Boeing

$293.94

0.06 (0.02%)

03/08/13
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  • 31

    Jan

HPE

HP Enterprise

$14.41

0.17 (1.19%)

17:03
12/15/17
12/15
17:03
12/15/17
17:03
Syndicate
Breaking Syndicate news story on HP Enterprise »

HP Enterprise files…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 09

    Jan

FSV

FirstService

$67.87

-0.54 (-0.79%)

17:02
12/15/17
12/15
17:02
12/15/17
17:02
Hot Stocks
Breaking Hot Stocks news story on FirstService »

Jay S. Hennick reports…

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ETP

Energy Transfer Partners

$17.50

0.08 (0.46%)

17:01
12/15/17
12/15
17:01
12/15/17
17:01
Hot Stocks
Energy Transfer gets FERC approval to place Rover Pipeline's 1B into service »

Energy Transfer Partners…

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