FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, today announced it topped the Cybersecurity 500 ranking of the hottest and most innovative cybersecurity companies for the fourth consecutive quarter.

The Cybersecurity 500 directory is published by Cybersecurity Ventures, which also releases a Cybersecurity Market Report that consolidates estimates by IT research firms and analysts. The latest report finds that the cybersecurity industry is expected to grow from $77 billion in 2015 to more than $170 billion in 2020.

“This Cybersecurity 500 ranking demonstrates that FireEye continues to lead the way in helping the world address the evolving threat landscape,” saidDavid DeWalt, FireEye CEO and chairman of the board. “FireEye is clearly at the vanguard of this rapidly growing and increasingly critical 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.”

“FireEye continues to impress and lead the market with the most innovative cybersecurity technology, product lineup and consulting services,” saysSteve Morgan, founder and CEO at Cybersecurity Ventures and Editor-In-Chief of the Cybersecurity 500. “The worldwide cybersecurity market is defined by market sizing estimates that range from $77 billion in 2015 to $170 billion by 2020. We believe that FireEye has all of the ingredients to continue capitalizing on the opportunity.”

The directory rankings were based on selection criteria that included:

  • Problem(s) Solved
  • Customer Base
  • Feedback from CISOs and Decision Makers
  • Feedback from IT Security Evaluators & Recommenders
  • Feedback from VARs, SIs and Consultants
  • Company Growth
  • Published Product Reviews
  • Demos and Presentations at Conferences
  • Corporate Marketing and Branding
  • Media Coverage
  • Notable Implementations
  • Founder and Management Pedigree
  • Interviews with Senior Management (Original Source)

Shares of FireEye closed yesterday at $23.22, down $0.26 or -1.11%. 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 $27.10 and its 200-day moving average is $39.42.

On the ratings front, FireEye 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 implies an upside of 29.2% from current levels. Separately, on November 5, FBN’s Shebly Seyrafi maintained a Buy rating on the stock and has a price target of $28.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Karl Keirstead and Shebly Seyrafi have a total average return of 5.4% and 0.9% respectively. Keirstead has a success rate of 58.2% and is ranked #583 out of 3636 analysts, while Seyrafi has a success rate of 52.0% and is ranked #1526.

Overall, 11 research analysts have assigned a Hold rating and 5 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 $34.00 which is 46.4% above where the stock closed yesterday.

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.