April 4, 2014 2:22 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Share of
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
FireEye (NASDAQ: FEYE) are down 7.8 percent, adding to significant losses incurred over the past month. Citigroup initiated coverage on Friday morning with a Neutral rating and $60 price target.Citi believes FireEye “can maintain hyper-growth status over the next 10 years, with long-term revenue growth of 30%, but also achieving 27% terminal op margins.”The firm sees a conflict between long-cycle valuations and short-cycle valuations. While FireEye is the “undisputed leader in advanced persistent threat mitigation,” new threats and technologies may initiate a new short-cycle in the security market.The idea of FireEye being acquired was shut down by Citi because at “a $9B market cap, few large tech companies have the resources to buy FEYE or stomach the valuation.”Citi believes FireEye will eventually have to “transition from a point product vendor in an undefined market category (APT mitigation) to competing more directly in mainstream product categories (firewall, email security, secure web gateway) where the bulk of security budget lives.”Shares of FireEye are down a massive 47 percent from the all-time high of $97.35 set in early March.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.