Monday, June 27News That Matters
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Tag: FireEye

Stocks making the biggest moves midday: Zoom, Nikola, FireEye, Intuit & more

Finance
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped 6.1% amid a rise in Covid-19 cases. Zoom has been one of the key "stay-at-home" trades, and shares are up 550% this year.Nikola — The electric vehicle maker gained 0.6% after Loop Capital initiated coverage on the stock with a buy rating. "Nikola possesses intellectual property that is attractive to a number of partners, and ... its vehicles will begin to hit the road with these partners over the next two years," the firm said. Loop Capital's $ 35 target represents a 33% upside from Thursday's closing price.Workday — Shares of Workday dropped 9.3% after the software company sounded the alarm on continued pressure from the pandemic. "While we have seen some recent s...
Ignore FireEye Inc — Here Are 3 Better Stocks

Ignore FireEye Inc — Here Are 3 Better Stocks

Finance
Shares of FireEye (NASDAQ: FEYE) rallied nearly 30% this year, fueled by a big earnings beat in May and indications that its newer cloud services are growing fast enough to offset softer sales of its on-site appliances. However, FireEye still remains well below its IPO price of $ 20, its sales growth is tepid (analysts expect just 2% growth this year), and it remains unprofitable by both GAAP and non-GAAP measures.I'm not saying that FireEye can't turn things around, but I believe that there are better cybersecurity plays on the market today. Let's check out three stocks that fit the bill: CyberArk (NASDAQ: CYBR) , Check Point (NASDAQ: CHKP) and Proofpoint (NASDAQ: PFPT) .Source: Getty.CyberArkOne of FireEye's biggest flaws is its lack of GAAP profi...