Market Overview

Bank Of America: Evolving Threat Landscape Favorable For FireEye

Share:

Tal Liani of Bank of America met with FireEye Inc's (NASDAQ: FEYE) management team in New York to discuss the company's prospects.

"We believe management delivered a strong message on growing demand for advanced malware protection solutions driven by the worsening threat landscape," Liani wrote in a note to clients on Friday. "Companies are increasing security budgets and re-thinking their security architectures."

Liani exited the meetings with a bullish view on the stock for three reasons.

First, the analyst notes that Street expectations on FireEye's performance are low following three consecutive quarterly earnings “hiccups.” Second, Fireye is a market leader in one of the fastest growth segments in technology. Finally, Fireye operates with a “superior technology” that should allow the company to achieve Street estimates in 2015.

Bottom line, FireEye's management team continues to drive technical and product differentiation, according to Liani. The analyst notes that new products, services and partnerships could drive incremental growth while the recently launched FireEye-as-a-Service (FaaS) addresses customers' needs for high-end scalable solutions without a heavy upfront cost.

Shares are Buy rated with a $44 price target.

Posted-In: cyber security FireEye malware Tal LianiAnalyst Color Analyst Ratings

 

Related Articles (FEYE)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

UPDATE: Credit Suisse Reiterates On ExOne Co On Reduced FY14 Guidance

Dow Chemical Co Price Target Upped At Deutsche Bank