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Fly News Breaks for August 6, 2019
FEYE
Aug 6, 2019 | 07:31 EDT
Nomura Instinet analyst Christopher Eberle started FireEye with a Buy rating and $16 price target. The analyst sees "strong signs emerging" of underlying recurring revenue growth, which he believes may be the catalyst to drive overall revenue growth into the low double digits, after several years of "stagnant" mid-single-digit growth. Further, the foundation has been laid for FireEye's Helix platform, which should drive greater adoption, contends the analyst.
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