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Fly News Breaks for October 4, 2018
FEYE
Oct 4, 2018 | 07:56 EDT
Goldman Sachs analyst Gabriela Borges kept her Buy rating and $22 price target on FireEye after discussions with the company's customers, partners, and employees at its annual Cyber Defense Summit in Washington, DC. The analyst says the summit saw its strongest showing in 3 years and believes that Fireeye could see its shares double if it can gain just 200bps of market share in the endpoint and security information and event management, or SIEM, markets. Borges adds that FireEye would have to improve its Helix business with "on premise integration" as well as "better messaging to the channel", expecting the company to proceed with a renewed scale push next year once the integration is complete.
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