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Fly News Breaks for January 20, 2016
FEYE
Jan 20, 2016 | 06:57 EDT
Wunderlich analyst Rob Breza lowered his estimates for FireEye to reflect less intra-year recognized revenue amid slower incident response revenue. The accelerated response rate from large organizations is likely to slow following significant investments in FY15, Breza tells investors in a research note. He cut his price target for the shares to $21 from $32 and keeps a Buy rating on the name.
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