FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, today announced it again placed the highest among cyber security companies on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
FireEye revenue grew nearly 1,165 percent from fiscal year 2011 to fiscal year 2014, far exceeding the average revenue growth of companies on Deloitte’s 2015 Technology Fast 500™ (850 percent).
FireEye Chairman of the Board and Chief Executive Officer David DeWalt credited the company’s leadership in cyber security technology, expertise and intelligence for FireEye’s revenue growth.
“This Deloitte Technology Fast 500 ranking reinforces FireEye’s continued leadership in cyber security and our place in the elite group of technology disrupters that is changing the world,” said DeWalt. “The Fast 500 recognizes today’s business leaders, and FireEye is clearly at the vanguard of the critically important cyber security industry, building on the strength of our global threat management platform, our role as first responder to today’s most significant breaches, and the intelligence generated by our threat research labs.” (Original Source)
Shares of FireEye closed yesterday at $22.69. FEYE has a 1-year high of $55.33 and a 1-year low of $21.48. The stock’s 50-day moving average is $27.87 and its 200-day moving average is $39.82.
On the ratings front, FireEy has been the subject of a number of recent research reports. In a report issued on November 11, Deutsche Bank analyst Karl Keirstead maintained a Hold rating on FEYE, with a price target of $30, which represents a potential upside of 32.2% from where the stock is currently trading. Separately, on November 5, FBR’s Daniel Ives downgraded the stock to Hold and has a price target of $28.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Karl Keirstead and Daniel Ives have a total average return of 4.6% and 6.0% respectively. Keirstead has a success rate of 54.2% and is ranked #848 out of 3855 analysts, while Ives has a success rate of 59.6% and is ranked #447.
The street is mostly Neutral on FEYE stock. Out of 16 analysts who cover the stock, 11 suggest a Hold rating and 5 recommend to Buy the stock. The 12-month average price target assigned to the stock is $33.80, which represents a potential upside of 49.0% from where the stock is currently trading.
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.