Susquehanna upgrades FireEye (NASDAQ:FEYE) from Neutral to Positive following yesterday’s earnings report.
Susquehanna analyst Anne Meisner says the deferred revenue mix hints at continued contraction in contract lengths as the mix shifts towards SaaS and other subscription products.
FireEye shares are up 13.9% premarket.
Previously: FireEye +12.8% after Q4 beats, upside guidance (Feb. 8)
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