Cybersecurity Roundup: FireEye, Palo Alto Networks, Imperva, Qualys & Proofpoint by TechStockProspector


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									                                    Robert DeFrancesco’s
                            Tech-Stock Prospector
January 15, 2014

Cybersecurity Roundup: FireEye, Palo Alto, Imperva & Proofpoint

IT security names hitting new highs today:

*Check Point Software (CHKP, $65.33)—New high: $65.50
*FireEye (FEYE, $65.14)—New high: $66.00
*Palo Alto Networks (PANW, $62.47)—New high: $62.82
*Imperva (IMPV, $55.14)—New high: $55.18
*Proofpoint (PFPT, $36.75)—New high: $37.43
*Qualys (QLYS, $28.52)—New high: $28.82

--Shares of FireEye (FEYE), one of our 7 TSP Tech Disruptors for 2014, today are up
10.6% on more than double average daily volume.

--Wedbush upgrades Fortinet (FTNT) to ‘Outperform’ with a price target of $24
based on solid momentum in the ASIC-driven product cycle, reduced expectations
(easy comps) and stabilizing fundamentals (new CFO already in place).

--Stifel starts coverage of Proofpoint (PFPT) at ‘Buy’ with a price target of $43,
saying the company has a differentiated growth story and could have consolidation

--Imperial Capital raises its price target on Qualys (QLYS) to $30 from $24 based on
improved subscription visibility and overall growth potential for new products.

--RBC Capital looks for strong growth this year in the following segments: data
security, advanced threat protection, endpoint security and security-as-a-service.
The firm thinks M&A and IPO activity will remain elevated. RBC’s top picks for 2014:
Imperva (IMPV), Proofpoint (PFPT) and Qualys (QLYS).

--BMO Capital believes estimates for F5 Networks (FFIV, $97.59), which has been
ramping up its security business, are likely to rise following the release of fiscal Q1
(Dec.) results; the firm’s checks for the quarter came back positive.

For more on the cybersecurity landscape and our picks for top M&A candidates,
check out the January 2014 issue of Tech-Stock Prospector.
Download the latest issue to your Amazon Kindle or Kindle for iPad/iPhone reading
app here:

Here are some of the topics covered in the January 2014 issue:

*Top potential takeover targets in tech for 2014
*An update on the continued land grab in marketing automation
*How FireEye could spur more cybersecurity M&A
*Might Cisco Systems make a sizable acquisition to help jumpstart growth?
*A small-cap name that’s big in enterprise vulnerability management
*Proofpoint builds its targeted attack prevention business
*New growth drivers for ServiceNow in cloud-based IT management
*Digital-advertising play: Marin Software
*Cornerstone OnDemand stays competitive in talent management
*Qlik Technologies is ready to ride the data visualization wave
*Aruba Networks looks well positioned for the WiFi upgrade cycle
*Adobe Systems continues its move to the cloud
*Behind the big sales force reorganization at Symantec
*Demandware brings the cloud to digital commerce
*Why some savvy money managers like SolarWinds
*Nimble Storage is ready to take on the big legacy vendors
*Wall Street analysts keep boosting their Yahoo price targets
*Is Fortinet primed to execute again after naming a new CFO?
*Deal Report: RetailMeNot sees growth in digital coupons

Order the January 2014 issue of TSP here:

Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

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