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Fly News Breaks for January 21, 2016
FEYE
Jan 21, 2016 | 07:19 EDT
After FireEye reported that its billings jumped 20% year-over-year in Q4, Oppenheimer says that the company is benefiting from "solid" demand. The firm finds the stock's valuation compelling, and believes that its path to profitability has become shorter, while it eventually could become a takeover target. Oppenheimer cut its price target on the name to $39 from $47 to reflect multiple contraction, but it keeps an Outperform rating on the shares.
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