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Fly News Breaks for May 2, 2016
CUDA, PFPT, CHKP, FTNT, FEYE
May 2, 2016 | 07:23 EDT
Oppenheimer analyst Shaul Eyal expects FireEye (FEYE) to report a solid quarter given the positive sentiment from channel checks coupled with solid security spending as seen by peers, such as Fortinet (FTNT), Check Point (CHKP), Proofpoint (PFPT) and Barracuda (CUDA). The analyst sees FireEye's shares as "attractively valued," and sees the risk and reward balance clearly shifting toward reward. Eyal reiterates an Outperform rating and $35 price target on FireEye's shares.
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