FireEye Inc (NASDAQ:FEYE) held a Defense Summit Conference yesterday that has Oppenheimer top analyst Shaul Eyal out with bullish praise for the company, reiterating an Outperform rating with a price target of $28, which represents a just under 120% increase from where FEYE last closed.

Of the key takeaways Eyal notes from the event, the cybersecurity software maker has enhanced its take on go-to-market strategy that the analyst believes further bolsters his favorable standpoint considering vendor consolidation coupled with security automation.

Additionally, the company indicates that the platform boasts a redesigned user interface integrating its product line along with “all” third-party vendors, from on-premise infrastructures to inside the cloud to a hybrid environment.

Eyal asserts, “We believe the company’s vision remains focused on solving the problems of understaffed security personnel using solutions such Invotas’ automation and FaaS among others. FEYE has renewed its go-to-market strategy by integrating many of its products in an intelligence-driven platform improving its product reach in a vendor-consolidating arena.”

Moreover, the analyst appreciates the company’s strategic moves forward, explain, “We believe FEYE is taking the right steps strategically and operationally and its market opportunity is no longer limited to point solutions.”

Overall, “We believe that FEYE is better positioned (product & strategy) for sustained improved execution under CEO Kevin Mandia as illustrated recently by 3Q results; 4) The threat environment remains fierce, with attack vectors emerging more pronounced in APAC and EMEA. In sum, we believe FEYE’s revamped product and operational focus position the company toward improved FY17 performance,” Eyal concludes.

As usual, we like to include the analyst’s track record when reporting on new analyst notes. According to TipRanks, top five-star analyst Shaul Eyal has achieved a high ranking of #91 out of 4,241 analysts. Eyal upholds a 58% success rate and garners 10.1% in his annual returns. However, when recommending FEYE, Eyal loses 18.0% in average profits on the stock.

TipRanks analytics exhibit FEYE as a Hold. Based on 19 analysts polled in the last 3 months, 4 rate a Buy on FEYE, 13 remain sidelined, while 2 issue a Sell. The 12-month average price target stands at $16.38, marking a nearly 29% upside from where the stock is currently trading.