- Stifel's Gur Talpaz has launched coverage on FireEye (NASDAQ:FEYE) with a Buy and $45 target.
- Like others, Talpaz considers FireEye's products well-differentiated relative to rival offerings, and praises its technology architecture (involves a multi-vector execution engine for analyzing malware, and a custom hypervisor).
- He declares the company is "uniquely qualified to offer risk-averse organizations the full lifecycle of security solutions needed to detect, combat, and ultimately remediate a potential attack."
- Talpaz admits FireEye trades at a premium to other security software names, but considers its valuation justified. Shares currently go for 7.7x the midpoint of FireEye's 2014 billings guidance range.