Market Overview

FireEye Recovering Recent Losses After Topeka Upgrade

Share:
Related
Bangladesh Hackers Target More Asian Banks
Cybersecurity Follows Palo Alto's Lead
Palo Alto Networks' Hemorrhaging: Would Proofpoint Buy End Bleeding? (Investor's Business Daily)

On Wednesday, Topeka Capital upgraded shares of FireEye (NASDAQ: FEYE) from Hold to Buy and maintained the $70 price target.

Analyst Frederick Ziegel believes profitability is “still a few years away” for the company. Investors will return to high-growth names, “particularly in markets as top-of-mind as security,” said the analyst.

Shares of FireEye are up 4.3 percent to $54.61 following the upgrade.

The stock is attempting to recover major losses this week after a brutal five week stretch, which sent shares down from its March high of $97.35.

Latest Ratings for FEYE

DateFirmActionFromTo
Mar 2016Goldman SachsInitiates Coverage onNeutral
Mar 2016UBSMaintainsNeutral
Mar 2016BarclaysMaintainsEqual-weight

View More Analyst Ratings for FEYE
View the Latest Analyst Ratings

Posted-In: Frederick Ziegel Topeka CapitalAnalyst Color Analyst Ratings Movers

 

Related Articles (FEYE)

View Comments and Join the Discussion!