Archive for the ‘Software News’ category

Ford recalls 433K cars because of software problem

July 3rd, 2015

Ford is recalling 433,000 cars and SUVs with engines that keep running even with the vehicles shut off. As with many recalls, you can blame this one on computerized gadgetry gone awry.

Ford Motor Company (NYSE:F) announced a recall comprising 432,000 vehicles as the body control module software in cars was found to have a flaw. The issue could also happen after the driver presses the Engine Start/Stop button.

Ford says that it is not aware of any injuries or accidents related to this issue.

Affected vehicles include certain 2015 Focus, certain 2015 C-MAX, and certain 2015 Escape vehicles. The Focus vehicles were made in Michigan as far back as June 2014, while the C-Maxes were made in Michigan starting in April 2014 and the Escapes were built in Louisville starting in April 2014.

Customers can get body control module software replaced at dealers for no cost, Ford said.

Most of the vehicles are in the USA (374,781), with 52,180 in Canada and 5,135 in Mexico.

Ford has recalled several vehicles including the Focus and Escape for potential engine defects.


Esko donates packaging software to GIPT

July 3rd, 2015

Esko, long known for its steadfast commitment to education, has installed a set of packaging software at the Government Institute of Printing Technology (GIPT) in Mumbai. Esko signed a MOU with GIPT and equipped them with these packaging prepress software licenses, free of cost.
Recognising the need of having trained packaging specialists in India, the packaging and printing pre-media solutions provider furbished the institute with 15 software licenses of ArtiosCAD 3D modeling and structural design tools, DeskPack and flexo tools.

Esko also conducted a special training program in GIPT’s prepress classroom, for the students to equip them with the modelling and layout tools. Subsequent to the seven-day training program conducted by Esko’s application engineer Prashant Kamat, it also organised a follow-up session for prepress essentials and flexo tools.

Dr Hemant Taskar, GIPT’s principal, is delighted with Esko’s effort in supporting education in India. “We are extremely grateful to Esko for showing confidence in our Institute and particularly to Esko’s team members for their overwhelming support,” said Taskar.

By providing knowledge and hands-on training, Esko is creating a resource for the industry and encouraging talent to look at the opportunities in the packaging sector. Srihari Rao, Esko’s sales director for India said, “Our agreement with the GIPT is a necessary part of our ongoing assistance to educational and training institutions.”

Rao assured the institute for any help it might need and for any software upgrades that are part of the agreement.

Briefing the students with the advantages of the training, a member of the GIPT faculty, Sameer Deshpande said, “By providing this high-level training, we have significantly reduced the training time students take in packaging companies. Hence, they are much more suitable and equipped with the knowledge of Esko software for placements and jobs especially in folding carton, flexo and gravure industry.”

The big daddies of the packaging printing segment such as Essel Propack, Huhtamaki PPL and Parksons Packaging have appreciated Esko’s effort in honing the emerging Indian talents. Students too are interested and enthusiastic in learning this software.


Short Interest in Cyberark Software Increases By 48.5% (CYBR)

July 3rd, 2015

Cyberark Software (NASDAQ:CYBR) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,482,379 shares, a growth of 48.5% from the May 29th total of 2,344,926 shares, reports. Based on an average daily volume of 3,205,419 shares, the days-to-cover ratio is currently 1.1 days. Currently, 16.8% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Analysts at Vetr upgraded shares of Cyberark Software from a “strong sell” rating to a “sell” rating and set a $53.88 price target on the stock in a research note on Monday. Analysts at Bank of America reiterated a “buy” rating and set a $80.00 price target (up previously from $70.00) on shares of Cyberark Software in a research note on Thursday, June 18th. Analysts at Imperial Capital raised their price target on shares of Cyberark Software from $48.00 to $57.00 and gave the company a “line” rating in a research note on Tuesday, May 19th. Analysts at Zacks upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Friday, May 15th. Finally, analysts at Nomura set a $50.00 price target on shares of Cyberark Software and gave the company a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Cyberark Software presently has an average rating of “Hold” and an average target price of $59.32.

Cyberark Software (NASDAQ:CYBR) opened at 60.38 on Friday. Cyberark Software has a 52 week low of $22.12 and a 52 week high of $76.35. The stock’s 50-day moving average is $65.49 and its 200-day moving average is $54.47. The company has a market cap of $1.79 billion and a P/E ratio of 133.29.

Cyberark Software (NASDAQ:CYBR) last announced its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.11. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $26.70 million. Cyberark Software’s revenue was up 89.1% compared to the same quarter last year. On average, analysts predict that Cyberark Software will post $0.43 earnings per share for the current fiscal year.

Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. The company also provides Enterprise Class Integration for devices, networks, applications, and servers. It’s CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.


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