Stock Update (NASDAQ:FEYE): Vodafone Group CTO Steve Pusey Joins FireEye Inc Board of Directors

FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, announced that Vodafone Group Chief Technology Officer Steve Pusey has been appointed to the FireEye board of directors.

Pusey brings more than 35 years of international business experience across a number of technology and service provider markets. As group chief technology officer of Vodafone Group Plc, he is responsible for defining and leading the UK-based telecommunications leader’s global technology strategy and operations for networks, IT and product development. Pusey has been a Vodafone board member since June 2009, and previously served as a Vodafone representative board member of Verizon Wireless. He has announced plans to leave Vodafone in July of this year.

From 1982 to August 2006, Pusey held various positions at Nortel Networks, most recently as executive vice president and president, Nortel EMEA. Pusey, who studied communications and microelectronics, is a graduate of the Advanced Management Program at Harvard University.

“Steve Pusey is that rare breed of business leader who combines strategic technology insights with the proven ability to connect with customers across international markets,” said David DeWalt, CEO and chairman of the board of FireEye. “Cyber security is clearly a global challenge, and Steve’s insight and experience will be valuable assets as FireEye works to solidify its position as the security industry leader in protecting against advanced cyber attacks.”

“I’ve seen first-hand the security challenges facing organizations in Europe and other regions worldwide,” said Pusey. “With a growing community of international strategic partners and a network of security operation centers, FireEye is clearly committed to fighting this battle on a global scale. I’m excited to have the opportunity to offer my experience and perspective as the FireEye leadership team continues this mission.” (Original Source)

Shares of FireEye closed today at $54.06, up $0.90 or 1.69%. FEYE has a 1-year high of $54.54 and a 1-year low of $24.81. The stock’s 50-day moving average is $45.35 and its 200-day moving average is $39.52.

On the ratings front, FireEye has been the subject of a number of recent research reports. In a report issued on June 5, William Blair analyst Jonathan Ho reiterated a Buy rating on FEYE. Separately, on June 4, FBR’s Daniel Ives maintained a Buy rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jonathan Ho and Daniel Ives have a total average return of 21.5% and 10.5% respectively. Ho has a success rate of 76.9% and is ranked #427 out of 3629 analysts, while Ives has a success rate of 64.7% and is ranked #335.

Overall, 7 research analysts have assigned a Hold rating and 6 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 $45.67 which is 14.9% under where the stock opened today.

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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