Fly News Breaks for August 13, 2019
CRWD, ZS, AVGO, MIME, SYMC, PFPT
Aug 13, 2019 | 07:53 EDT
BofA Merrill Lynch analyst Tal Liani noted that he had expected and incorporated some share gains for Crowdstrike (CRWD) from Symantec (SYMC) in his model, but following the recent announcement that Broadcom (AVGO) intends to buy Symantec's enterprise business he sees the potential for those share gains to accelerate. Liani, who raised his price target on Crowdstrike shares to $103 from $89, reiterated a Buy rating on the stock. Aside from the potential for Crowdstrike in antivirus, Liani sees other areas of cyber security where Symantec leads and he could see shares losses should Broadcom's deal create any uncertainty around Symantec's roadmap or commitment to R&D in the space. In email security the beneficiaries would be Proofpoint (PFPT) and Mimecast (MIME) and in secure web gateways the beneficiary could be Zscaler (ZS), Liani noted.
News For CRWD;SYMC;AVGO;PFPT;MIME;ZS From the Last 2 Days
There are no results for your query CRWD;SYMC;AVGO;PFPT;MIME;ZS