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Fly News Breaks for April 30, 2015
FEYE
Apr 30, 2015 | 15:09 EDT
JPMorgan analyst Sterling Auty believes FireEye can keep up the trend of security companies reporting "solid" results when it issues its first quarter report after the close. The company's billings earlier in the year may result in positive cash flow from operations this quarter, which should be enough to end concerns about whether its business model is fully funded if it turns out to be the case, wrote Auty. He keeps an Overweight rating and $54 price target on FireEye shares.
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