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Shares of
FireEye IncFEYE were trading lower by more than 3 percent on Tuesday, but quickly erased nearly all losses and was trading higher by more than 3 percent following unconfirmed market chatter that the company is being eyed as an acquisition target by
Cisco Systems, Inc.CSCO.
Investors and traders should take note that FireEye's name has been mentioned many times in the past as a potential takeover target. Wall Street analysts
expressed mixed views when similar rumors surfaced in the past, and ultimately no acquisition was announced.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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