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3 Reasons To Upgrade Fortinet
Tuesday, November 15, 2016 - 10:10am | 295Read More...After announcing mixed results for FY 2016, Fortinet Inc (NASDAQ: FTNT) faces “a more positive set up,” with growth expected to stabilize in FY 2017 on the back of easier comps and durable renewals, Morgan Stanley’s Melissa Gorham said in a report. She upgraded the rating on the...
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Barracuda Delivers Solid Q2 On The Strength Of Core Business
Wednesday, October 12, 2016 - 8:52am | 333Read More...Barracuda Networks Inc (NYSE: CUDA) seems to be getting back on track with Q2 results reflecting stable billings growth, above 20 percent growth in annualized recurring revenue and margin expansion, Morgan Stanley’s Melissa Gorham said in a report. maintained an Equal-weight rating on the...
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Is This The New Normal For FireEye?
Friday, August 5, 2016 - 7:38am | 351Read More...FireEye Inc (NASDAQ: FEYE) reported its Q2 results with product revenue down 18 percent year-on-year and the FY16 guidance being meaningfully lowered. Morgan Stanley’s Melissa Gorham maintained an Equal-weight rating on the company, while lowering the price target from $16 to $15. Q2...
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3 Things That Would Make Morgan Stanley More Positive On Box
Thursday, June 2, 2016 - 8:04am | 262Read More...Box Inc (NYSE: BOX) reported a revenue beat of ~$2M for FQ1 and raised its FY17 revenue guidance by $1M to $391-$395M, implying ~30 percent growth. Morgan Stanley’s Melissa Gorham maintained an Equal-Weight rating for the company, with a price target of $12. The analyst commented that...
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Secureworks Has Plenty Of Room To Disrupt The Enterprise Security Market
Tuesday, May 17, 2016 - 9:09am | 252Read More...Secureworks Corp (NASDAQ: SCWX) exhibits a “tech-agnostic approach” to filling the rapidly changing gaps in the Enterprise security market, Morgan Stanley’s Melissa Gorham commented in a report. The analyst initiated coverage of the company with an Overweight rating and a price...
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Morgan Stanley Downgrades Imperva To Underweight
Thursday, April 21, 2016 - 8:12am | 281Read More...Imperva Inc (NYSE: IMPV) shares have gained about 30 percent from their February lows. Morgan Stanley’s Melissa Gorham downgraded the rating for the company from Equal-weight to Underweight, while maintaining the price target at $36. The analyst commented that Imperva’s path to an FCF...
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Morgan Stanley Reviews Square, Box Earnings
Thursday, March 10, 2016 - 2:19pm | 596Read More...Morgan Stanley feels that Square Inc (NYSE: SQ), the mobile payments firm run by Twitter Inc (NYSE: TWTR) CEO Jack Dorsey, has an attractive growth opportunity. But, the brokerage noted that the visibility on upside from software and data revenues is limited and long-term operating leverage and...
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The Street Likes FireEye, But 2016 Will Be A Pivotal Year
Wednesday, March 9, 2016 - 10:30am | 945Read More...Despite making some recovery over the past month, shares of FireEye Inc (NASDAQ: FEYE) are down 14 percent year-to-date. A number of Wall Street analysts expressed their views after the FireEye Analyst Day held in New York. JMP Securities JMP Securities’ Erik Suppiger maintained a...
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Morgan Stanley Previews FireEye's Q3 Results: 'Awaiting Productivity Inflection Point'; Maintains Equal-Weight
Thursday, October 8, 2015 - 8:43am | 347Read More...FireEye, Inc. (NASDAQ: FEYE) shares have declined 32.59 percent over the past three months, hitting a low of $31.18 on October 6. Morgan Stanley’s Melissa Gorham has maintained an Equal-weight rating on the company, with a price target of $44. Although the pullback in the shares has...
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Why Morgan Stanley Is Defending Barracuda's 36% One-Day Decline
Wednesday, September 30, 2015 - 2:54pm | 451Read More...Shares of Barracuda Networks Inc (NYSE: CUDA) are down more than 36 percent on Wednesday trading. The selloff was triggered by the announcement of lukewarm earnings and poor guidance on Tuesday afternoon. Despite the decline, Morgan Stanley reiterated an Overweight rating on the stock, while...
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Why Rapid7 Could Have More Upside For Cybersecurity Investors
Tuesday, August 11, 2015 - 12:58pm | 539Read More...Shares of Rapid7 Inc (NASDAQ: RPD), a security data and analytics provider began trading in mid-July and shares have soared nearly 54 percent from its IPO price. Several of Wall Street's leading experts initiated coverage of the issue on Tuesday. William Blair: ‘Attractive' Market Opportunity...
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Barracuda Is Falling 20%, But These Analysts Are Still Bullish
Friday, July 10, 2015 - 12:25pm | 640Read More...Shares of Barracuda Networks Inc (NYSE: CUDA) plunged more than 20 percent Friday after the company reported its first quarter results on Thursday. Here are what some of Wall Street's top analysts are saying. Morgan Stanley: Buy The Pullback Melissa Gorham of Morgan Stanley commented in...
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Box 'Back On Track,' Morgan Stanley Says
Thursday, June 11, 2015 - 9:38am | 301Read More...In a report published Thursday, Morgan Stanley analyst Melissa Gorham maintained an Equal-weight rating on Box, Inc. (NYSE: BOX) with a price target of $20. The company's Q1 results suggest that the core business continues to be strong, and the verticalization strategy seems to be resonating well...
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6 Analysts Commenting On FireEye After Meeting With Management
Thursday, June 4, 2015 - 1:05pm | 857Read More...FireEye Inc (NASDAQ: FEYE) held an Analyst Day presentation on Wednesday. Here are what six of Wall Street's top analysts are saying. Morgan Stanley: Still In The Early Days Melissa Gorham commented in a note that FireEye's Analyst Day presentation highlighted the company's...
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FireEye 'Well Positioned To Sustain Market Leading Growth,' Morgan Stanley Says
Thursday, June 4, 2015 - 8:49am | 140Read More...Morgan Stanley analysts Melissa Gorham and Keith Weiss have rated FireEye Inc (NASDAQ: FEYE) at Equal-Weight alongside a $37 price target. The stock traded up $0.68 on Wednesday, closing at $47.69. Shares were trading up $1.44 (3 percent) at $49.13 in Thursday’s pre-market session. The...
