Fresh highs for FireEye; FBR "encouraged" by checks

|By:, SA News Editor

Already one of 2014's top tech performers, FireEye (FEYE +8.4%) is taking off again after FBR's Daniel Ives (Outperform) hiked his PT to $105 from $90.

Ives' Q1 checks leave him "encouraged" FireEye and newly-acquired Mandiant are "making headway in taking significant share as an end-to-end, next-generation security software vendor."

He thinks the company's 2014 outlook looks conservative in light of the "explosive demand" picked up by FBR's checks.

Shares are up 377% from a September IPO price of $20.

Previous: FireEye jumps after launching managed security service