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Fly News Breaks for October 15, 2015
FEYE
Oct 15, 2015 | 08:20 EDT
Stephens analyst Jonathan Ruykhaver said the firm's checks on FireEye during Q3 were positive overall, with the majority of partners suggesting their FireEye sales activity was in line or ahead of plan. Ruykhaver continues to see FireEye as a mindshare leader in the advanced persistent threat protection market, but has concerns over growth deceleration and increasing competition. The analyst keeps an Equal Weight rating on the stock and cut his price target to $37 from $50 to reflect depressed valuations in the IT security space.
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