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
Cybersecurity firms Qualys (QLYS), Fortinet (FTNT) and Proofpoint (PFPT) could be on the auction block in 2016, likely pitting Cisco Systems (CSCO), Microsoft (MSFT), Hewlett Packard Enterprise (HPE) and Oracle (ORCL) in a “long overdue” M&A battle, FBR analyst Daniel Ives said Wednesday. In a separate research report, a Barclays analyst downgraded Check Point Software Technology (CHKP) stock and lowered his price target on Fortinet stock, despite
Palo Alto Networks (PANW)topped two investment banks’ 2016 stock winners lists, and one analyst suggests the cybersecurity firm’s rising tide could buoy other security software makers, including Check Point Software Technologies (CHKP), Fortinet (FTNT), Imperva (IMPV) and Proofpoint (PFPT). But the analyst says 2016 might also leave FireEye (FEYE) to drown. FBR analyst Daniel Ives upped his price target on Palo Alto Networks stock to 235 from 210