FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber-attacks, and F5 Networks (NASDAQ:FFIV), announced a global partnership to defend against the evolving security threats to the enterprise. Customers will benefit from comprehensive security solutions that integrate application delivery infrastructure from F5® and advanced threat protection from FireEye Network Security. The agreement also includes a unified approach to worldwide sales, deployment and support, thereby helping to ensure the best possible end-to-end experience for customers.
“Our partnership with F5 addresses critical business issues for our customers — matching IT growth and security to support the business,” said Steve Pataky, vice president of worldwide channels and alliances at FireEye. “We’ve consistently seen a complementary delivery cycle with F5, and now we can provide seamless joint customer engagement, as well as the support and reach necessary to protect more organizations around the world.”
Enterprise IT departments are challenged with supporting cloud-based applications and mobile environments while maintaining network reliability, security, and speed. The partnership between FireEye and F5 will feature the integration of key application delivery technologies with advanced threat management platforms to accelerate application deployment, performance, and security. Customers will also benefit from the following:
- A comprehensive security solution that combines application delivery infrastructure with advanced content security, including: network segmentation and policy management, protocol conformance, DDoS mitigation, SSL inspection, advanced threat protection, intrusion prevention, threat intelligence, forensics, and analytics.
- Performance, scale and high availability in heavy network traffic environments by using the health monitoring and load-balancing capabilities of the BIG-IP® platform. This enables customers to scale and protect against advanced threats in the most demanding application environments.
- Integrated security architecture that drives advanced content security by enabling improved visibility into the growing stream of encrypted traffic. Also, industry-leading threat intelligence and aggregated events and alerts reduce security silos and provide faster insights into malicious activities and breaches across the enterprise.
“The cyber security problem is multi-faceted, and requires a solution that includes technology from industry leading security manufacturers like FireEyeand F5, tightly coupled with people and process in a holistic approach,” said Todd Weber, vice president of partner research for Optiv. “We are pleased to see two of our trusted partners closely collaborating, and we look forward to working with them to help our clients better secure applications and networks in this mobile and cloud world.”
“This partnership brings together two leaders in application delivery and network security to help customers address their most daunting security challenges today,” said Calvin Rowland, senior vice president of business development at F5. “We are excited about the partnership because it goes beyond a technology integration. Our unified approach to engagement and solution delivery will provide a great overall experience to our customers.”
“Today, enterprises require a holistic security approach that defends a broad footprint,” said Jon Oltsik, senior principal analyst with the Enterprise Strategy Group. “The FireEye and F5 partnership brings an important capability for security teams — the combination of detection and enforcement for data centers and applications. This partnership is a valuable way to help CISOs defend more in a simple, logical way.” (Original Source)
Shares of FireEye Inc closed last Friday at $33.06. FEYE has a 1-year high of $55.33 and a 1-year low of $24.81. The stock’s 50-day moving average is $36.80 and its 200-day moving average is $43.15.
On the ratings front, FireEye has been the subject of a number of recent research reports. In a report released today, Piper Jaffray analyst Andrew Nowinski downgraded FEYE to Hold, with a price target of $37, which implies an upside of 12% from current levels. Separately, on August 10, Deutsche Bank’s Karl Keirstead maintained a Hold rating on the stock and has a price target of $44.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Andrew Nowinski and Karl Keirstead have a total average return of 5.8% and 5.4% respectively. Nowinski has a success rate of 50.7% and is ranked #842 out of 3764 analysts, while Keirstead has a success rate of 51.0% and is ranked #779.
Overall, one research analyst has rated the stock with a Sell rating, 3 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $49.20 which is 48.8% above where the stock closed last Friday.
FireEye Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks that evade legacy signature-based security products. Its solutions include traditional and next-generation firewalls, IPS, anti-virus, and gateways.