Websense (NASDAQ: WBSN) develops and markets web filtering and security software that helps organizations to manage usage of their computer networks. Programs monitor network access, protect confidential information from web-based attacks, monitor e-mail and instant messaging, prohibit employee access to certain content, and restrict access to employer-defined time periods. The company hosts a service that allows subscribers to upgrade their Websense software to protect against new web-based and application-based threats.

The firm pleased investors earlier in the week when it said that Q4 non-GAAP revenues were expected to exceed previous guidance of $76-$79 million. Wall Street had been looking for $77.3 million. Management also remarked that quarterly billings would top the previous estimate of $92-$95 million. In discussing the upside adjustments, the CEO particularly cited positive results from the recent acquisition of SurfControl. WBSN shares popped on the news and then moved into a bullish "flag" consolidation pattern. Prices frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Continue reading Websense (WBSN): Shares form bullish 'flag'

Websense (WBSN): Shares form bullish 'flag' originally appeared on BloggingStocks on Thu, 10 Jan 2008 17:02:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Jefferies upgraded Websense (NASDAQ: WBSN) to Hold from Underperform to reflect the strong recent results from SurfControl as well as the possibility for 2H software seasonality.

• Lehman upgraded shares of OSI Pharma (NASDAQ: OSIP) to Overweight from Underweight on valuation as well as expectations for price increases and growth in Europe.

• Susquehanna upgraded shares of Gap (NYSE: GPS) to Positive from Neutral citing management's ability to control costs & manage inventories, share buybacks, and streamlining of organizational structure.
  

• Tiffany & Co (NYSE: TIF) was upgrade to Accumulate from Neutral at Buckingham based on valuation and strong worldwide luxury trends outside of Japan.

• Matrix upgraded shares of Callaway Golf (NYSE: ELY) to Strong Buy from Hold to reflect positive fundamentals and the recent share weakness...

• Valueclick (NASDAQ: VCLK) was upgraded to Buy from Hold at Needham.

• WestLB raised Swisscom (NYSE: SCM) to Add from Hold and Ericsson (NASDAQ: ERIC) to Buy from Hold.

Analyst upgrades: ELY, GPS, TIF and VCLK originally appeared on BloggingStocks on Tue, 28 Aug 2007 10:02:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Jefferies downgraded Websense Inc (NASDAQ: WBSN) to Underperform from Hold with a $20 target to reflect slowing growth in the URL market, near-term business disruption from the pending SRF deal and summer software seasonality.

• Dow Jones & Co (NYSE: DJ) was cut to Hold from Buy at Gabelli and to Market Perform from Outperform at Wachovia.

• Krispy Kreme (NYSE: KKD) was downgraded to Neutral from Overweight at Prudential.

• Merrill Lynch downgraded US Airways Group (NYSE: LCC) to Neutral from Buy.

• Goldman downgraded Starwood Hotels (NYSE: HOT) to Neutral from Buy to reflect the weaker-than-expected quarterly fundamentals reported by the major hotel companies. The firm believes investors should stay away from the lodging sector...

• JP Morgan cut Federated Investors, Inc (NYSE: FII) to Underweight from Neutral on valuation.

• Genesco Inc (NYSE: GCO) was downgraded to Market Perform from Outperform at Piper Jaffray.

• UBS cut Liz Claiborne (NYSE: LIZ) to Neutral from Buy.

• Tibco Software Inc (NASDAQ: TIBX) was cut to Hold from Buy at Jefferies.

• Baird downgraded Watts Water Technologies, Inc (NYSE: WTS) to Underperform from Neutral.

Analyst downgrades 5-02-07: DJ, HOT, KKD, LCC and LIZ originally appeared on BloggingStocks on Wed, 02 May 2007 11:23:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Cowen upgraded Websense Inc (NASDAQ: WBSN) to Neutral from Underperform and considers shares fairly valued.

• Suntrust Robinson Humphreys upgraded Aflac inc (NYSE: AFL) to Buy from Neutral based on an expected rebound in sales and solid earnings.

• Oppenheimer upgraded the Oil & Gas Sector to Buy from Neutral, seeing a potential upside as oil prices may have hit bottom.

• Matrix upgraded shares of Harman Int'l Industries Inc (NYSE: HAR) to Buy from Hold and expects the company to continue to benefit from growing automotive sales and the demand for professional equipment.

• JP Morgan expects strong 2007 earnings growth with upside to consensus estimates for CH Robinson Worldwide Inc (NASDAQ: CHRW), upgrading shares to Overweight from Neutral.

• Citigroup upgraded shares of Sony Corp ADR (NYSE: SNE) to Buy from Hold, with a $56 target.

• Bowater Inc (NYSE: BOW) was upgraded to Neutral from Underperform at DA Davidson.

Analyst upgrades 1-31-07: Aflac upgraded to Buy originally appeared on BloggingStocks on Wed, 31 Jan 2007 11:03:00 EST. Please see our terms for use of feeds.