FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, today announced the expansion of the FireEye Global Threat Management Platform to include two new editions — FireEye Power and FireEye Essentials — offering high-quality FireEye threat detection and response solutions, tailored for organizations at different stages in their security maturity.
- FireEye Power™ is designed for organizations with mature security operations, providing broad visibility across the enterprise and comprehensive protection with integrated security workflows and rich contextual intelligence.
- FireEye Essentials™ is designed for organizations just getting started with their advanced threat protection program, providing them with high-fidelity detection with low false positives at an affordable price.
FireEye Network Security (NX series) will be the first product line available with Power and Essential editions, and will make the FireEye global threat management platform available to a broader range of organizations. The expansion of the FireEye Network Security product line is the first of a series of new products to provide more options for organizations looking for advanced threat protection.
Both the Power and Essentials editions will benefit from the integration of threat intelligence from recently acquired iSIGHT, one of the leading providers of cyber threat intelligence for global enterprises. With the acquisition, FireEye created the world’s most advanced and comprehensive private threat intelligence operation. The iSIGHT intelligence network monitors and mines global threat development and thousands of threat actors worldwide, with more than 250 cyber threat intelligence experts across 17 countries, covering 29 languages. This expanded intelligence infrastructure will provide customers with access to a widened FireEye threat intelligence lens, delivering a focus on industry-leading coverage in the key areas of hacktivism, critical infrastructure, and emerging threats in addition to nation state and targeted attacks.
“With these new strategic product offerings, we are enabling more organizations to step up their security operations with the detection and protection capabilities of the FireEye global threat management platform,” said David DeWalt, FireEye chief executive officer and chairman of the board. “The steps FireEye is taking today expand the market for advanced security solutions, making it easier for businesses of all sizes to benefit from threat management products matched to their unique needs and security profiles.”
As a result of the evolution of threat landscape, smaller organizations and multiple industries are being now targeted. With today’s announcements,FireEye technology traditionally used by customers with highly valued assets is being made available to organizations with varying maturities in their security programs.
“With these new network product offerings FireEye gives us more options to offer clients market-leading threat protection at the right level for their organization,” said John Marler, COO at Set Solutions. “Whether we’re working with a client just starting to invest in advanced threat protection, or organizations building global security operations centers, we are confident we’re providing the best detection, alerts and threat intelligence available today.” (Original Source)
Shares of FireEye Inc closed yesterday at $14.41. FEYE has a 1-year high of $55.33 and a 1-year low of $13.28. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $29.73.
On the ratings front, FireEye has been the subject of a number of recent research reports. In a report released today, Oppenheimer analyst Shaul Eyal reiterated a Buy rating on FEYE, with a price target of $39, which represents a potential upside of 170.6% from where the stock is currently trading. Separately, on January 25, Wedbush’s Steven Koenig reiterated a Hold rating on the stock and has a price target of $18.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Shaul Eyal and Steven Koenig have a total average return of 9.9% and -1.3% respectively. Eyal has a success rate of 57.0% and is ranked #72 out of 3632 analysts, while Koenig has a success rate of 35.7% and is ranked #2437.
Overall, 8 research analysts have assigned a Hold rating and 10 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 $32.75 which is 127.3% 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.