Nomura bullish on FEYE's recurring revenue growth

|About: FireEye, Inc. (FEYE)|By:, SA News Editor

Nomura rates FireEye (NASDAQ:FEYE) as a new Buy with a $16 price target.

Analyst Christopher Eberle is "cautiously optimistic" after seeing "strong signs emerging" of recurring revenue growth.

Eberle thinks recurring revenue could drive FEYE's top-line growth into the low double digits.

FireEye shares are up 0.4% pre-market to $13.34. The company has an Outperform average Sell Side rating.

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