FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, today announced the addition of 12 new technology partners to the FireEye® Cyber Security Coalition (CSC) — an ecosystem designed to simplify customers’ complex security environments via the intelligence-led FireEye Global Threat Management Platform.
The new partners have enhanced the Cyber Security Coalition, which is designed to better protect joint customers. These enhancements include the strategic partners from recently acquired iSIGHT Partners and Invotas, as well as new, completed FireEye integrations.
FireEye’s new CSC partners are as follows:
- BMC Software
- Centripetal Networks
- Defcon Cyber
- Recorded Future, Inc.
“Security teams are being hampered within today’s complex security environments that can slow operation and response times, exacerbating resource constraints,” said Ed Barry, VP, Cyber Security Coalition, FireEye. “Our latest enhancements and FireEye CSC partnerships address this by streamlining the functionality of our automation, orchestration, and threat intelligence capabilities. With the ability to detect and respond faster, we are enabling our customers to better manage their resource gaps.”
Cyber Security Coalition technology partnerships and integrations form a key part of the recently launched FireEye Security Orchestrator™ (FSO) andFireEye iSIGHT™ Intelligence. By providing roadmap visibility, engineering support, and other integration services, customers are assured that they can more seamlessly unify their complex security environments. (Original Source)
Shares of FireEye are down nearly 2% to $16.60 in pre-market trading Friday. 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 $15.69 and its 200-day moving average is $17.53.
On the ratings front, FEYE has been the subject of a number of recent research reports. In a report issued on May 23, William Blair analyst Jonathan Ho reiterated a Buy rating on FEYE. Separately, on May 20, Pacific Crest’s Rob Owens assigned a Hold rating to the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jonathan Ho and Rob Owens have a total average return of 7.7% and 13.9% respectively. Ho has a success rate of 51.2% and is ranked #728 out of 3896 analysts, while Owens has a success rate of 58.6% and is ranked #319.
The street is mostly Neutral on FEYE stock. Out of 19 analysts who cover the stock, 11 suggest a Hold rating and 8 recommend to Buy the stock. The 12-month average price target assigned to the stock is $23.57, which implies an upside of 39.6% from current levels.
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.