- FBR's Daniel Ives has started coverage on FireEye (FEYE +2.3%) with an Outperform and $48 PT. He argues the ability of FireEye's threat-prevention hardware to deal with unknown (i.e. zero-day) threats acts as "a key differentiator" relative to tradition security hardware relied upon for dealing with known threats.
- In addition, Ives expects demand for more complex cyber threat prevention offerings will allow FireEye to take more share from rivals offering sandbox solutions.
- Shares are up 92% from a September IPO price of $20, but slightly below their opening trade of $40.30.
FireEye rallies following FBR coverage launch
Dec 13 2013, 17:04 ET