Will Its Recent Cyberattack Torpedo FedEx Q1 Results?

As such, FedEx is expected to "modestly" increase its fiscal 2018 capex budget to address internal controls and secure affected operating systems, the analyst continued. Nevertheless, the increase won't be considered to be materially higher but at the very least large enough to "weigh on investor sentiment near term."

But on the other hand, FedEx's long-term earnings per share outlook will likely be unaffected. Despite the cyberattack, the company did reaffirm its fiscal 2020 EBIT improvement target, which supports the path toward an EPS of $17.50-plus at that time.

Bottom line, investors should consider any pullback in FedEx's stock toward the low-$200 level as a buying opportunity given there is no change to the company's longer-term outlook.