According to the security guard suing James Simons’ hedge fund, he and his team were “instructed to shred confidential documents and walk about the firm’s floors “so that Renaissance employees would feel more secure.” [NYP via BI]

Article courtesy of Dealbreaker

Symantec (SYMC) shares are trading higher this morning following a New York Post report which says activist shareholders have been snapping up the security software company’s shares, and may be pressured to split up. The story says that the activists also have been speaking to potential suitors and other large [...]

Article courtesy of BARRONS.com: Tech Trader Daily

SourceFire (FIRE) shares are down sharply after hours on disappointing Q4 guidance.
For the third quarter, the security software company reported revenue of $36.2 million and non-GAAP profits of 18 c ents a share, ahead of the Street consensus at $35.7 million and 15 cents.
However, for Q4, FIRE sees revenue of [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Symantec (SYMC) shares are trading sharply higher on rumors that the security software company might be an acquisition target for Microsoft (MSFT). Briefing.com and several other stock rumors sites have noted the chatter on the stock.
As I reported in a post yesterday, Jefferies & Co. analyst Katherine Egbert asserted in [...]

Article courtesy of BARRONS.com: Tech Trader Daily

On a conference call with the Street this afternoon following its FY Q1 earnings report, ArcSight (ARST) CEO Tom Reilly declined to talk about the recent Wall Street Journal report which asserted that the security software company has put itself up for sale.
Here’s what he said:
Before reporting on our financial [...]

Article courtesy of BARRONS.com: Tech Trader Daily

According to a security industry source, ArcSight (ARST) is holding an all-hands meeting with staff today at its headquarters in Cupertino, California. As noted earlier, the security software company will report earning today after the close; but the obvious speculation is that an all-hands meeting could be tied to the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

You’d think it was Black Friday.
Investors are in a speculative shopping frenzy, trying to guess at the next potential tech M&A targets in both the storage and security sectors. On the security side, interest has been goosed by a combination of the recent Intel (INTC) deal to buy McAfee (MFE), [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) shares have skyrocketed this afternoon after the Wall Street Journal reported that the security software and services provider has put itself up for sale – and that potential buyers – including Oracle (ORCL) and Hewlett-Packard (HPQ) – could pay up to $1.5 billion for the company. The story [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Check Point Software (CHKP) shares are trading higher after Pacific Crest analyst Rob Owen today raised his rating on the security software company to Outperform from Sector Perform, setting a $38 price target.
“Our checks reveal continued solid demand for Check Point’s solutions; the company’s appliances
continue to gain traction in the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) this afternoon reported better-than-expected results for its fiscal Q4 ended April 30.
For the quarter, the security software and services company reported revenue of $55.2 million and non-GAAP EPS of 20 cents, ahead of the Street at $50.5 million and 17 cents.
For Q1, ARST sees revenue of $44 million [...]

Article courtesy of BARRONS.com: Tech Trader Daily