Analysts gave Adobe Systems (ADBE) generally positive reviews following its second-quarter earnings late Tuesday that beat estimates, even though its outlook fell short. The developer of publishing software reported Q2 earnings per share minus items of 48 cents, up 30% from the same quarter a year ago, beating the consensus estimate by 3 cents among analysts polled by Thomson Reuters. Revenue climbed 8.8% to $1.16 billion, matching analysts’
Palo Alto Networks’ (PANW) threat intelligence team has uncovered more than 50 separate cyberattacks against government and military organizations in Hong Kong, Taiwan, Vietnam, Indonesia and the Philippines. In a report released late Tuesday, Santa Clara, Calif.-based Palo Alto Networks said “potentially state-sponsored cyberattacks” over the past three years appear to be an attempt to gain inside information on operations of nation-states
Allergan (AGN), the specialty-drug giant formerly known as Actavis, said Wednesday that it’s acquiring biotech Kythera (KYTH) for $2.1 billion in cash and stock, sending both stocks up in early trading. Just seven weeks ago, Kythera won FDA approval of its first product, Kybella, an injection for “submental fullness,” i.e. double chin. The original Allergan, which Actavis acquired in March before changing its name on Monday, was best known for its