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Fly News Breaks for January 21, 2016
FEYE
Jan 21, 2016 | 06:09 EDT
JPMorgan analyst Sterling Auty believes negative sentiment on FireEye reached "excessive proportions" ahead of last night's preliminary Q4 results. The upside to billings estimates and initial FY16 billings growth guidance of 20% organically should help the stock begin to recover, Auty tells investors in a research note. He reiterates an Overweight rating on the stock with a $30 price target.
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