Goldman Sachs analyst Brian Essex initiated coverage of FireEye with a Neutral rating and $18 price target. The analyst started the Security Software sector with an attractive view, believing IT Security offers "attractive levels of exposure to growth technology," and that profitable companies with this exposure could outperform the market. After "mixed" execution, a "significant deceleration" in revenue growth over the past four years, and lowered guidance, the analyst views FireEye's risk/reward as mixed. He sees better opportunity for upside elsewhere within his coverage universe.