FireEye’s (FEYE) shift to cloud-based email protection could face “strong competition” from a Palo Alto Networks (PANW)-Proofpoint (PFPT) team-up announced late Wednesday, FBN analyst Shebly Seyrafi said Thursday. But FireEye battled back with a marriage of its own, announcing its $200 million acquisition of cyberthreat intelligence company iSight Partners, in a deal that Wall Street praised Thursday. In conjunction with the news, FireEye
FireEye (FEYE) stock surged late Wednesday after the firm announced its $200 million acquisition of cyber-threat intelligence company iSight Partners, but preliminary fiscal Q4 sales figures released in conjunction lagged Wall Street views and its own three-months-ago guidance. In after-hours trading, FireEye stock jumped about 6% after shares closed down 2.4% in the regular session. IBD’s 26-company Computer Software-Security Group fell 1% in
Cisco Systems (CSCO), Hewlett Packard Enterprise (HPE), Symantec (SYMC) and Intel (INTC) could all potentially go to bat to buy beleaguered FireEye (FEYE), a Summit Research analyst said Monday as the cybersecurity firm’s shares bucked an overall Wall Street downtrend. FireEye stock was up more than 5% intraday in the stock market today as the Dow Jones and Nasdaq tumbled more than 2%. Investors worldwide cringed as China’s stock markets stalled