|By PR Newswire||
|August 29, 2014 09:30 AM EDT||
CHICAGO, Aug. 29, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JPMorgan Chase & Co. (NYSE:JPM-Free Report), Wells Fargo & Co. (NYSE:WFC-Free Report), U.S. Bancorp (NYSE:USB-Free Report), PNC Financial Services Group, Inc. (NYSE:PNC-Free Report) and Repros Therapeutics Inc. (Nasdaq:RPRX-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Banks Face Cyber Attack – Russian Motives at Work?
Cyber vulnerability of the U.S. banks has been exposed once again. JPMorgan Chase & Co. (NYSE:JPM-Free Report) and at least four other big banks became targets of cyber attack earlier this month. The names of other banks were not known.
Penetrating the so-called secured networks and firewalls of banks, the hackers siphoned large quantities of information that included customers' checking and savings account data. Further, the victims might include European bank customers too.
Notably, no financial losses to the customers have been reported so far. Hence, the primary motive behind the attack is debatable. Though most cyber attacks are aimed at financial gains, at times these have political motives too.
On speculations that hackers attacked the U.S. banks as retaliation against recent sanctions imposed on Russia over the Ukraine crisis, the Federal Bureau of Investigation (FBI) is probing the attacks. Further, the sophistication and other technical details of the cyber onslaught point at some government link.
Nevertheless, investigations are still on and hackers from Russia or other Eastern European countries are also being considered as possible suspects. Other than the FBI, the National Security Agency (NSA) too, is part of the investigations.
According to the law enforcement agencies, attacks were directed from computers in Latin America and other regions using Russian servers. A software fault called 'zero-day,' which allows hackers the remote connection of a computer, was utilized to penetrate the security systems. According to security specialists, such sophistication is beyond the ability of common hackers.
The financial sector has always been a key target for cyber attacks, given the fact that the entire nation's economy is dependent on them. The U.S. banking sector has experienced frequent assaults of the like (mainly for financial gains), despite some of the large banks spending hundreds of millions of dollar to safeguard their customer data and other information.
Over the past couple of years, banks have been a prey of politically motivated cyber attacks from Iran. In 2012, such attacks knocked out websites of several banks including JPMorgan, Wells Fargo & Co. (NYSE:WFC-Free Report), U.S. Bancorp (NYSE:USB-Free Report) and The PNC Financial Services Group, Inc. (NYSE:PNC-Free Report).
With deluge of cyber assaults on the U.S. banks, computer intelligence has become a rising menace for the financial industry. As a result, the need to invest in cyber security has also increased. JPMorgan is estimated to spend more than $250 million annually in this regard, apart from building a dedicated team of about 1,000 employees focused on cyber security, by the end of this year.
Most banks, in order to tackle cyber attacks, are tightening Internet security, developing strategies to upgrade computer systems and also increasing cooperation with other countries. Further, companies offering internet security will be encouraged to develop new and innovative products to counteract such attacks.
While mere listing and coding of security loopholes will not prevent future cyber attacks, it should serve as a stepping stone toward solving the extremely complex situation. Training and know-how on security matters are extremely crucial since users often unknowingly guide hackers through their actions.
Repros Reports Encouraging Late-Stage Data on Androxal
Repros Therapeutics Inc. (Nasdaq:RPRX-Free Report) announced positive top-line data on its secondary hypogonadism candidate, Androxal, from a pivotal phase III study. Repros had initiated two identical, 17-week, double-blind ZA-304 and ZA-305 studies to compare the safety and efficacy of Androxal with a testosterone replacement therapy (topical gel) and placebo in restoring and maintaining testicular function.
ZA-305 Study Data
The ZA-305 study was the first of the two identical pivotal studies. In the study, Androxal demonstrated superiority on several assessments including the two co-primary endpoints and several secondary endpoints. In patients receiving Androxal, percent change in sperm concentration from baseline was found to be unchanged. In contrast, in the testosterone gel arm, patients experienced a median 33% decrease from their baseline concentration.
Additionally, a significantly higher proportion of men exhibited mean sperm concentration ≥ 10 million/mL in the Androxal arm as compared to testosterone gel and placebo.
Repros expects to submit a New Drug Application (NDA) to the FDA for Androxal for the secondary hypogonadism indication by the end of this year. We note that an advisory panel meeting could be scheduled prior to the FDA's final decision. If approved, Androxal has the potential to become the first drug specifically targeting secondary hypogonadism. We expect investor focus to remain on Androxal updates including data from the ZA-304 study.
Repros is a biopharmaceutical company which carries a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
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Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 4, 2015 06:45 PM EDT Reads: 445
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Sep. 4, 2015 06:00 PM EDT Reads: 280
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Sep. 4, 2015 05:30 PM EDT Reads: 501
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Sep. 4, 2015 04:15 PM EDT Reads: 530
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, will discuss how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the ...
Sep. 4, 2015 04:00 PM EDT
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as...
Sep. 4, 2015 04:00 PM EDT
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Sep. 4, 2015 03:45 PM EDT Reads: 144
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 4, 2015 03:30 PM EDT Reads: 469
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Sep. 4, 2015 03:30 PM EDT Reads: 544
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 4, 2015 03:30 PM EDT Reads: 979
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 4, 2015 03:00 PM EDT Reads: 227
To assist customers with legacy Windows Server 2003 that is no longer supported by Microsoft, Racemi has introduced fixed price packages for upgrading and migrating Windows Server 2003 servers to either Windows 2008 R2 or Windows 2012 R2 and the choice of Amazon Web Services (AWS) or SoftLayer cloud. "We're extending a lifeline by upgrading the legacy servers to more modern Windows Server platforms while taking advantage of cloud computing," said James Strayer, vice president of product managem...
Sep. 4, 2015 02:12 PM EDT
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and e...
Sep. 4, 2015 02:00 PM EDT Reads: 233
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Sep. 4, 2015 02:00 PM EDT Reads: 271