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☆ Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
▼ + stars: | 2024-06-29 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.

Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Micron, Hershey, Dollar Tree, Qualcomm & more
▼ + stars: | 2024-01-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Dollar Tree to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "self-help" story. Bernstein upgrades Hershey to outperform from market perform Bernstein said in its upgrade of the chocolate maker that market share trends are improving. " Goldman Sachs reiterates Nvidia & Micron as buys Goldman said it's standing by shares of Nvidia and Micron. Bank of America upgrades ZoomInfo to buy from neutral Bank of America said the software company is a "self-help" story. Bernstein reiterates Qualcomm as outperform Bernstein said it's bullish heading into Qualcomm earnings later this week.

Persons: Wells, Jefferies, it's, Evercore, Bernstein, Hershey, Goldman Sachs, Goldman, Raymond James, Sherwin, Williams, Morgan Stanley, William Blair, Morgan Stanley downgrades Brown, Forman Organizations: UBS, Amazon, Amazon Web Services, Citi, Air, Deutsche Bank, TFI, Deutsche, JPMorgan, Warner Brothers Discovery, Microsoft, Meta, YouTube, Nvidia, Micron, MU, Netflix, Barclays, Apple, Colgate, Palmolive, " Bank of America, of America, Beam Therapeutics, Bank of America, Builders, Devices, AMD, Qualcomm Locations: Norfolk Southern, Atlanta

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Uber, Coinbase, Carvana, Starbucks & more
▼ + stars: | 2023-11-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "

Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$

☆ Hackers use flaw in popular file transfer tool to steal data, researchers say
▼ + stars: | 2023-06-02 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, June 1 (Reuters) - Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a security flaw had been discovered. Software maker Progress Software Corp (PRGS.O), after disclosing the vulnerability on Wednesday, said it could lead to potential unauthorized access into users' systems. The managed file transfer software made by the Burlington, Massachusetts-based company allows organizations to transfer files and data between business partners and customers. Such "zero-day," or previously unknown, vulnerabilities in managed file transfer solutions have led to data theft, leaks, extortion and victim-shaming in the past, Mandiant said. Pitt did not have a comment on who might have been trying to steal data by exploiting the flaw.

Persons: Ian Pitt, Charles Carmakal, Mandiant, Carmakal, Rapid7, Pitt, Zeba Siddiqui, Christopher Cushing Organizations: FRANCISCO, Progress Software Corp, Software, Reuters, Rapid7 Inc, Mandiant Consulting, Google, Thomson Locations: Burlington , Massachusetts, San Francisco

☆ Wiz's rapid ascent to $10 billion valuation in market downturn shows cloud security is 'still huge'
▼ + stars: | 2023-05-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

The accelerated shift to cloud computing has boosted adoption of security software that can identify the spots where hackers can wage attacks. Older security companies such as Palo Alto Networks and Rapid7 have widened their portfolios to specialize in securing the cloud. Regardless of how Thomas views Wiz, in February his company added the startup to its list of competitors, putting it alongside Palo Alto Networks . Rappaport called out Palo Alto Networks, which has an offering called Prisma Cloud, as his company's best place to snag business. Rappaport also knows plenty about Microsoft, having sold his prior security startup, Adallom, to the company for $320 million in 2015.

☆ Exclusive: Cybersecurity firm Rapid7 explores sale -sources
▼ + stars: | 2023-02-01 | by ( Milana Vinn | ) www.reuters.com time to read: +2 min

[1/2] Twitter Inc.'s former security chief Peiter "Mudge" Zatko testifies before a Senate Judiciary Committee on Capitol Hill in Washington, U.S., September 13, 2022. REUTERS/Evelyn Hockstein/File PhotoFeb 1 (Reuters) - Rapid7 Inc (RPD.O), the cybersecurity firm that hired Twitter Inc whistleblower Peiter Zatko last month, is exploring options that include a possible sale after attracting acquisition interest, according to people familiar with the matter. The Boston-based company is working with investment bank Goldman Sachs Group Inc (GS.N) as it considers approaches from parties that include private equity firms, the sources said. Rapid7 specializes in so-called vulnerability management, providing software tools and services that help businesses assess and monitor security risks. Rapid7 said last month it had hired Zatko, a former hacker who served as Twitter's head of security until his firing in January 2022, as a part-time consultant.

☆ Here are the 34 tech companies most likely to be snapped up by private equity firms like Vista and Thoma Bravo in 2023, according to bankers and market data
▼ + stars: | 2022-12-24 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

With a stock price down 45% in the last year, though, it may soon find itself on the other side of the table. But it has $732 million in cash on hand, with zero debt, and analysts are projecting 16% revenue growth. This year, though, Varonis has come back to earth — its stock price has sunk over 57% in the last 12 months. However, with strong projected 2023 revenue growth of 18.6%, Zuora remains a strong target for PE firms. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter.

☆ Here are the 34 tech companies most likely to be on the holiday shopping lists of private-equity firms after valuations plunged this year, according to bankers and private data
▼ + stars: | 2022-12-15 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

☆ RBC: Buy these 23 high-conviction growth stocks for market-beating returns that could top 90%
▼ + stars: | 2022-12-11 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

RBC Capital Markets is updating its quarterly list of its favorite small-cap growth stocks. The stocks are "Outperform" rated, and RBC says they have upside of 19% to 98% as of December 8. For investors who want to get familiar with that large space, RBC's list of top small-cap growth ideas could be one place to start getting ideas. "The list is an opportunity to highlight companies that have either an attractive normalized growth story or strong durable growth characteristics," said the firm's analysts. The companies are ranked from lowest to highest based on how much upside RBC's analysts think they have, as reflected in their price targets.

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