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Fly News Breaks for May 31, 2019
FEYE
May 31, 2019 | 07:15 EDT
Wedbush analyst Daniel Ives assumed coverage of FireEye with a Neutral rating and $17 price target. Ives tells investors in a research note that FireEye has made good progress stabilizing its financials amid a market evolution to cloud and advanced threat traction by firewall vendors, but says its margins are still "sub-scale," acceleration into solid double-digit growth remains "elusive," and thinks FireEye's progress appears fairly factored into shares at their current levels.
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