Company Update (NASDAQ:FEYE): FireEye Inc Named a CDW Partner of the Year

FireEye Inc (NASDAQ:FEYE) the leader in stopping today’s cyber attacks, today announced that it has been selected as a 2015 CDW Partner of the Year. The award was presented at the 2015 CDW Partner Summit in Las Vegas and honors top-performing CDW partners that provided exemplary products, programs, services and support to CDW and its customers throughout the year.

To support the relationship, FireEye has a dedicated team of resources assigned to CDW success, including sales, engineering and account management support. This team helps to ensure each FireEye engagement, from the sales process through deployment and support, is a positive experience for customers and successful for CDW and FireEye.

“The right partners are key to our success and, together with CDW, we’ve been able to deliver solutions to our customers to keep their organizations secure,” said Steve Pataky, FireEye vice president of global channels and alliances. “The partner of the year award validates the investments we’ve made with CDW and we’re excited to continue to partner with CDW in 2016.”

“With more than 250,000 customers, CDW realizes the importance of successful partnerships in our effort to continuously provide innovative solutions and industry-leading services each year. The 2015 Partner of the Year recipients exceeded our expectations, enabling us to better understand and meet the needs of our business, government, education and healthcare customers,” said Matt Troka, CDW senior vice president of product and partner management. “We congratulate FireEye for achieving CDW’s Partner of the Year award, and we thank them for both their outstanding support of CDW initiatives and their commitment to providing first-class technology solutions and services this past year.” (Original Source)

Shares of FireEye Inc closed yesterday at $21.76, up $0.22 or 1.02%. FEYE has a 1-year high of $55.33 and a 1-year low of $19.76. The stock’s 50-day moving average is $24.22 and its 200-day moving average is $37.82.

On the ratings front, FireEye has been the subject of a number of recent research reports. In a report issued on December 8, Citigroup analyst Walter Pritchard upgraded FEYE to Buy, with a price target of $35, which represents a potential upside of 60.8% from where the stock is currently trading. Separately, on November 11, Deutsche Bank’s Karl Keirstead maintained a Hold rating on the stock and has a price target of $30.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Walter Pritchard and Karl Keirstead have a total average return of 12.5% and 5.7% respectively. Pritchard has a success rate of 66.7% and is ranked #202 out of 3637 analysts, while Keirstead has a success rate of 57.0% and is ranked #531.

The street is mostly Neutral on FEYE stock. Out of 17 analysts who cover the stock, 11 suggest a Hold rating and 6 recommend to Buy the stock. The 12-month average price target assigned to the stock is $34.43, which represents a potential upside of 58.2% 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.


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