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SAIL

SailPoint

$26.61

0.23 (0.87%)

, CHKP

Check Point

$106.75

-0.68 (-0.63%)

11:55
01/24/19
01/24
11:55
01/24/19
11:55

FBN Securities software/security analyst to hold group luncheon

Group Luncheon with a Key Security Reseller, who is a top channel partner for both PANW and FTNT and a key partner for many other companies, will be held in New York on January 24 hosted by FBN Securities.

SAIL

SailPoint

$26.61

0.23 (0.87%)

CHKP

Check Point

$106.75

-0.68 (-0.63%)

PFPT

Proofpoint

$95.26

1.77 (1.89%)

FTNT

Fortinet

$72.62

1.14 (1.59%)

PANW

Palo Alto Networks

$211.28

5.51 (2.68%)

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SAIL SailPoint
$26.61

0.23 (0.87%)

01/02/19
MONN
01/02/19
INITIATION
Target $30
MONN
Buy
SailPoint initiated with a Buy at Monness Crespi
Monness Crespi initiated SailPoint with a Buy and $30 price target.
11/13/18
11/13/18
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. Veritone (VERI) upgraded to Neutral from Sell at B. Riley FBR with analyst Sameet Sinha citing the company's better than expected Q3 results and increased business visibility for the upgrade to Neutral. 2. Nvidia (NVDA) upgraded to Positive from Neutral at Susquehanna while Xilinx (XLNX) was upgraded to Positive from Neutral. 3. Koppers Holdings (KOP) upgraded to Buy from Neutral at Monness Crespi. 4. Southwestern Energy (SWN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Doug Leggate saying U.S. natural gas prices have lifted by 50c in the past 3 weeks and $1 since September as cold weather forecasts have been updated. 5. SailPoint (SAIL) upgraded to Buy from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/18
GSCO
11/12/18
UPGRADE
Target $33
GSCO
Buy
SailPoint upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Gabriela Borges upgraded SailPoint to Buy and raised her price target to $33 from $32.
11/08/18
JEFF
11/08/18
NO CHANGE
Target $34
JEFF
Buy
SailPoint earnings selloff a buying opportunity, says Jefferies
In a post-earnings research note titled "An Opportunity," Jefferies analyst John DiFucci says Sailpoint Technologies is trading down 6% following last night's "very strong" Q3 results on weaker than expected Q4 guidance. This was due to the Federal business being pulled into Q3, the analyst says. "Underlying all this is a very strong business," writes DiFucci. He keeps a Buy rating on SailPoint with a $34 price target and sees an opportunity in today's selloff.
CHKP Check Point
$106.75

-0.68 (-0.63%)

10/24/18
JPMS
10/24/18
NO CHANGE
JPMS
Neutral
Check Point not being rewarded despite 'clean quarter,' says JPMorgan
JPMorgan analyst Sterling Auty said Check Point shares are not being rewarded despite what he called "one of the cleanest quarters that Checkpoint has reported in the last two years" relative to expectations. He said the significant improvement in North America results is evidence that the new head of sales is having a positive impact and the company's upside in cash flow also stood out to him. The analyst, who said he would like to see the company use existing cash for M&A deals to bolster future growth, keeps a Neutral rating on Check Point shares, which are down 3% in afternoon trading.
10/25/18
BMOC
10/25/18
NO CHANGE
Target $120
BMOC
Market Perform
Check Point price target lowered to $120 from $130 at BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on Check Point to $120 and kept his Market Perform rating, saying that while the company delivered "solid" Q3 results, investors likely wanted to see some upside to Q4 projections to reflect more seasonal patterns. Bachman adds that while the company's subscription revenue is growing, it is still underperforming the growth rate of its peers, and will need to improve further to offset the continued decline in other products.
12/10/18
GUGG
12/10/18
INITIATION
Target $112
GUGG
Neutral
Check Point initiated with a Neutral at Guggenheim
Guggenheim analyst Imtiaz Koujalgi started Check Point Software Technologies with a Neutral rating and $112 price target.
01/16/19
STFL
01/16/19
NO CHANGE
STFL
Checks show firewall spending remains 'robust,' says Stifel
Stifel analyst Gur Talpaz said his latest quarterly survey of 30 North American security-centric resellers left him "cautiously encouraged" about the overall security spending environment, particularly within the firewall space. Despite recent fears about an imminent slowdown in firewall spending, his checks point to a "robust" deal pipeline through 2019, particularly for Palo Alto Networks (PANW), Talpaz tells investors. Outside of Palo Alto, Talpaz also said he is "more optimistic" on Check Point (CHKP) than he has been "in some time." While he also noted that the was "generally pleased" that the number of resellers pointing to a decline in their Proofpoint (PFPT) business improve to the best level seen in 2018, Talpaz continues to see "work to be done." Others in the cybersecurity space include Rapid7 (RPD), FireEye (FEYE), Fortinet (FTNT), Symantec (SYMC) and CyberArk (CYBR).
PFPT Proofpoint
$95.26

1.77 (1.89%)

01/08/19
WEDB
01/08/19
NO CHANGE
Target $115
WEDB
Outperform
Proofpoint price target lowered to $115 from $124 at Wedbush
Wedbush analyst Steve Koenig lowered his price target for Proofpoint to $115 from $124, while reiterating an Outperform rating on the shares. His channel checks point to traction with operational adjustments and sales enablement improvements, accelerating cross-selling with Wombat, and continuing competitive differentiation. Also, the security demand environment continues to be solid, providing the basis for good Q4 achievement and more consistent execution in FY19, he adds. Based on the tone of his checks, Koenig's "educated guess" is that Proofpoint met its Q4 internal targets soundly. Although Q1 billings seasonality is expected to be light, the analyst expects acceleration in revenue and billings as FY19 progresses, and is enthusiastic about the opportunity for investors at the current valuation.
01/14/19
DBAB
01/14/19
NO CHANGE
DBAB
Buy
Microsoft security Portfolio 'flying below the radar,' says Deutsche Bank
The prevailing Street narrative about Microsoft's (MSFT) security suite is that it is "good enough" for a segment of the market but not particularly competitive against enterprise pure-plays such as Symantec (SYMC), Proofpoint (PFPT) or Okta (OKTA), Deutsche Bank analyst Karl Keirstead tells investors in a research note titled "Security is a New Growth Engine." However, the analyst says his field checks over the last few quarters have indicated a "clear tone shift" from customers and partners, with more flagging material investments by Microsoft in its security suite and real traction among enterprise customers. He believes Microsoft 's security portfolio is "flying below the radar" of most Street analysts and is central to the company's "emerging" average revenue per user growth story. Keirstead keeps a Buy rating on Microsoft.
01/23/19
MSCO
01/23/19
NO CHANGE
MSCO
CyberArk, Proofpoint, Tenable among Morgan Stanley's cybersecurity Q4 top picks
Morgan Stanley analyst Melissa Franchi sees a largely favorable setup for cybersecurity companies into fourth quarter results, noting that her conversations with channel partners and the firm's reseller and CIO surveys point to a healthy close to the quarter and a stable, durable demand environment in 2019. She names CyberArk (CYBR), Proofpoint (PFPT) and Tenable (TENB) as top picks for Q4. Franchi notes that her checks suggest a healthy demand environment, continued improved execution and improved product positioning for CyberArk; Proofpoint is seeing some maturity in its core email security market, but this is already in investor sentiment, while she is hearing some positive momentum with some of its newer products; and on Tenable, she thinks it should more than benefit from the growing priority of vulnerability management and an underpenetrated base. Healthy demand trends seen in her firewall checks help to affirming Palo Alto Networks (PANW) as a top pick, but also position Fortinet (FTNT) for a "better than feared" quarter, Franchi adds in her sector preview note.
FTNT Fortinet
$72.62

1.14 (1.59%)

01/22/19
01/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gap (GPS) downgraded to Sell from Neutral at Goldman Sachs while Tiffany (TIF) was downgraded to Neutral from Buy. 2. U.S. Steel (X) downgraded to Hold from Buy at Jefferies with analyst Seth Rosenfeld saying "poor" Q4 earnings and Q1 guides will begin to reflect the extent of recent steel margin weakness. 3. Fortinet (FTNT) downgraded to Market Perform from Outperform at BMO Capital with analyst Keith Bachman saying he is not bearish on the stock, expecting the firewall market to remain healthy for several years given the changing throughput requirements, but sees the rating change as reflective of its more balanced risk-reward. 4. Crispr Therapeutics (CRSP) downgraded to Sell from Neutral at Citi with analyst Yigal Nochomovitz saying Crispr's near-term valuation driver and lead program in related blood disorders "substantially lags" more advanced competitors. 5. AMC Entertainment (AMC) downgraded to Neutral from Buy at B. Riley FBR with analyst Eric Wold saying the ramp of the company's subscription service Stubs A-List clouds its EBITDA visibility. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/22/19
01/22/19
UPGRADE
Target $240

Outperform
Palo Alto Networks upgraded to Outperform at BMO Capital on valuation
As previously reported, BMO Capital analyst Keith Bachman upgraded Palo Alto Networks (PANW) to Outperform and raised his price target to $240 from $205. The analyst expects the company to benefit from the network firewall market remaining healthy over the next several years with market share gains. Bachman also sees Palo Alto Networks' product revenue sustaining the near 9% growth rate in FY20 thanks to its "new customer adds and expansion from existing customers against the backdrop of a healthy security spending environment". Based on his greater confidence in the company's ability to sustain subscriptions growth relative to Fortinet (FTNT), the analyst believes that Palo Alto Networks offers investors "meaningful upside potential".
01/22/19
BMOC
01/22/19
DOWNGRADE
Target $78
BMOC
Market Perform
Fortinet downgraded to Market Perform at BMO Capital on valuation
As reported earlier, BMO Capital analyst Keith Bachman downgraded Fortinet to Market Perform and lowered his price target to $78 from $90. The analyst notes that he is not bearish on the stock, expecting the firewall market to remain healthy for several years given the changing throughput requirements, but sees the rating change as reflective of its more balanced risk-reward. Based on Fortinet's enterprise value to free cash flow multiple, Bachman contends that its valuation "reflects its revenue growth and FCF generating capabilities."
PANW Palo Alto Networks
$211.28

5.51 (2.68%)

01/24/19
01/24/19
UPGRADE
Target $265

Outperform
Palo Alto Networks upgraded to Outperform at Wedbush on robust growth
As previously reported, Wedbush analyst Daniel Ives upgraded Palo Alto Networks to Outperform from Neutral and raised his price target on the shares to $265 from $225. The analyst says that his conversations with customers and partners as well as his field checks have given him incremental confidence in the Palo Alto growth story over the next 12-18 months. While there are still "some wrinkles to iron out" on the product strategy looking ahead and competitive landscape with laser focused cloud competitors, Ives strongly believes that numbers for FY19/FY20 look conservative and the Street is still underestimating the magnitude of this existing firewall refresh for the company as a major tailwind over the next few years.
01/24/19
WEDB
01/24/19
UPGRADE
WEDB
Outperform
Palo Alto Networks upgraded to Outperform from Neutral at Wedbush

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DNKN

Dunkin' Brands

$72.70

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Dow

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Pan American Silver

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Inovio

$3.78

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Public Storage

$220.75

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Criteo

$19.99

-2 (-9.10%)

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Tier REIT

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Pointer Telocation

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Cheetah Mobile

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BBBY

Bed Bath & Beyond

$17.39

3.52 (25.38%)

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BB&T

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BB&T

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Vertex

$188.17

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Allegiant Travel

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TransAlta

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RIG

Transocean

$9.22

0.39 (4.42%)

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Options
Buyers of Transocean weekly calls as shares see strength »

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CRM

Salesforce

$161.00

0.18 (0.11%)

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BNY Mellon

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Citi

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DWT

Britannia Bulk

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

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CRC

California Resources

$26.39

1.91 (7.80%)

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  • 08

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BBBY

Bed Bath & Beyond

$17.82

3.95 (28.48%)

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KEG

Key Energy

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IO

ION Geophysical

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0.25 (1.84%)

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Johnson & Johnson

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