In a series of new notes out this week, Wunderlich analyst Bill Choi updated his outlook on several top cybersecurity stocks. Here’s an overview of what he had to say about each.
Buy-Rated Stocks
Symantec CorporationSYMCNeutral-Rated Cybersecurity Names
FireEye Inc FEYE: Choi reiterated the firm’s Hold rating on FireEye, but upped his price target from $15 to $16. He sees a tough road ahead for the company, especially given the uncertainty surrounding a change of CEOs and the departure of the founder. For now, Choi projects “limited upside to FEYE shares at current levels given the expected headwinds the company faces during the impending period of transition and restructuring.”
Imperva Inc IMPV: Choi reiterated Wunderlich’s Hold rating and $50 price target. For now, he believes significant upside hinges on the company finding a buyer. Although he doesn’t see any immediate financial danger, Choi believes “the cut to FY16 guidance, combined with the review of strategic alternatives, is enough to question IMPV’s standalone future.”
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