Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally-mandated grounding of the...Airlinesread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $7.7 million in fines and restitution that a judge imposed on Shkreli last...Biotech and Pharmaceuticalsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Philip Morris International beats second-quarter earnings and revenue estimates and hikes its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
The cybersecurity market further accelerated in the fourth quarter, driven by higher demand for network security products like firewalls and protective tools meant to stop newer types of malware, Bank of America Merrill Lynch said Tuesday.
The total market for network security products in 2018 grew 12.6 percent from a year earlier, according to analysts Scott Casher, Daniel Bartus and Tal Liani. It was "the fourth consecutive quarter of double-digit growth," and "the strongest year since we began tracking the market in 2012," the analysts wrote.
"We expect market strength to continue in 2019," they said.
Total spending on cybersecurity products is expected to exceed $124 billion worldwide, according to Gartner.
The results are driven by a strong market for firewall products, a traditional cybersecurity measure meant to block access to portions of a corporate network from the outside internet. Firewall products showed 16.3 percent growth to $2.4 billion for the fourth quarter of 2018. Advanced threat protection products, which are used to find newer and more sophisticated strains of malicious software, grew to $416 million in the fourth quarter, up 19.1 percent from the year before.
The note indicates stronger growth in the marketplace for products dominated by companies including FireEye, Palo Alto Networks, Cisco, McAfee, Fortinet, Check Point and Huawei than even past bullish analysts had predicted. It also indicates companies are continuing to ramp up their spending on more traditional "perimeter security" products even as they move more corporate data and infrastructure onto cloud services providers.