FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, announced the launch of Mandiant® Mergers & Acquisitions (M&A) Risk Assessment, a new rapid service offering cybersecurity assessment as to the level of cyber security risk present in the acquisition that could drive decisions. The new service is launching with FireEye law firm partner Pillsbury Winthrop Shaw Pittman and is available now.
The M&A Risk Assessment is a week-long service evaluating key security components utilizing sector specific best practices and global control frameworks, FireEye’s nation-state grade intelligence, and Mandiant’s decade of experience responding to the most impactful security breaches, in order to identify threats earlier in the M&A process. Mandiant consultants generate risk ratings of target security areas and develop recommendations that customers, their legal partners, and other M&A partners can use for decision making.
Mandiant consultants have developed a unique methodology for M&A Risk Assessment that evaluates four core security areas:
- Threat Detection & Response to evaluate the maturity and thoroughness of a target organization’s response processes and technologies
- Access Controls to identify whether proactive controls have been established to prevent unauthorized access to sensitive data
- Infrastructure Security to ensure that effective controls are in place from network to endpoints to prevent compromise
- Data Safeguards to determine if proper capabilities exist to identify, monitor and protect high-value information assets
“There has been a very supportive deal environment for M&A activity in parallel with the increasingly complex and effective attacks we have responded to over the last few years,” said Holly Ridgeway, director, information security programs, FireEye. “As attackers have already utilized M&A activity to gain access to other organizations, it is critical that teams take an intelligence-led approach to evaluating and advising on the risks a target organization can introduce earlier in the process and in lock-step with legal and other partners.”
Another key component of M&A Risk Assessment is partnership with legal firms to ensure that allows their customers to be ahead of the curve prior to a breach or security event. FireEye works with law firms to bring our world class products and services to their clients.
“FireEye Cyber Risk team partners with law firms that specialize in M&A. Our law firm partners recognize and support the need and solution for a cyber security due diligence that is embedded into their legal process,” said Karen Kukoda, director of cyber risk partnerships. (Original Source)
Shares of FireEye closed yesterday at $17.60, down $0.34 or -1.90%. FEYE has a 1-year high of $55.33 and a 1-year low of $11.35. The stock’s 50-day moving average is $17.88 and its 200-day moving average is $20.43.
On the ratings front, FireEye has been the subject of a number of recent research reports. In a report issued on March 21, Goldman Sachs analyst Gabriela Borges initiated coverage with a Hold rating on FEYE and a price target of $20, which represents a potential upside of 13.6% from where the stock is currently trading. Separately, on March 9, 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, Gabriela Borges and Steven Koenig have a total average return of -6.3% and 0.1% respectively. Borges has a success rate of 40.0% and is ranked #2865 out of 3807 analysts, while Koenig has a success rate of 42.9% and is ranked #2266.
Overall, 8 research analysts have assigned a Hold rating and 8 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 $27.80 which is 58.0% above where the stock closed yesterday.
FireEye, Inc. develops virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors, including Web, email, and files and across the different stages of an attack life cycle. Its virtual machine-based security platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. FireEye was founded by Ashar Aziz on February 18, 2004 and is headquartered in Milpitas, CA.