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Fly News Breaks for October 7, 2015
FEYE
Oct 7, 2015 | 07:49 EDT
BofA/Merrill analyst Tal Liani said FireEye's weak 2015 stock performance is a disconnect from strong underlying trends. Liani believes FireEye's core market could triple in size by 2019 and new solutions provide upside. Additionally, the analyst favors shares for improving operating metrics, a high degree of recurring revenues, and its extensive product portfolio. Liani lowered his price target to $50 from $60 given industry wide multiple compression but maintains his Buy rating on shares.
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