Stock Update (NASDAQ:FEYE): FireEye Inc Launches Mandiant® Red Team Operations

FireEye Inc (NASDAQ:FEYE), the leader in stopping today’s advanced cyber attacks, today announced the launch of Mandiant® Red Team Operations, a set of objectives-based assessments that conduct no-holds-barred attacks on organizations to highlight weakness in systems or procedures and to enhance detection and response capabilities. Additionally, Mandiant Penetration Testing was also announced today, offering eight highly customizable penetration test types that assess areas such as Industrial Control Systems (ICS), Internet of Things (IoT) devices, and Mobile Applications and Devices. Both service offerings are available now.

Red Team Operations provides two types of assessments that seek to accomplish certain breach-related objectives using FireEye’s nation-state grade intelligence and emulating the tools, tactics, and procedures (TTPs) of the most advanced threat actors. The two offerings, designed to utilize uniqueMandiant methodology that does not harm business operations or data, are:

  • Red Team Assessment: a full-scale attack focused on accomplishing specific goals related to organizations’ most critical assets — obtaining sensitive communications or data, breaking an application, or taking control of automated devices — that tests organizations’ security posture with or without prior knowledge of when.
  • Red Teaming for Security Operations: directly analyzes security operations by adding dedicated incident responders to existing security teams during a Red Team Assessment — overseeing detection and response processes and providing guidance afterwards. This service adds formal enhancement of organizations’ prevention, detection, and response capabilities.

“As we have seen over the last 12 years, determined threat actors will find a way into networks to carry out intellectual property theft, destroy systems, ransom or steal data, or conduct espionage and ultimately maintain their presence for as long as possible,” said Marshall Heilman, vice president and executive director, incident response and red team operations, FireEye. “Taking an intelligence-led approach, our Red Team Operations test organizations to their limits by staging attacks using the techniques of the most successful threat actors around the world in order to improve detection and response capabilities. We have even built tools to emulate certain attack group C2 protocols if you want to test your detection capabilities against a specific threat actor.”

For organizations looking to put certain technologies and systems under direct testing, Penetration Testing services from Mandiant identify and provide mitigation strategies for complex security vulnerabilities across any software, hardware, or network in an organization. Penetration Testing fromMandiant utilizes the same intelligence-led approach as Red Team Operations, applying knowledge of the most successful threat actors and adversary intelligence to conduct reconnaissance, identify vulnerabilities, exploit them, and carry out an attack.

Penetration Testing from Mandiant can be customized for:

  • Embedded Device/Internet of Things (IoT) Assessments
  • ICS Penetration Assessments
  • Mobile Device Assessments
  • External Penetration Tests
  • Internal Penetration Tests
  • Web Application Assessments
  • Wireless Technology Assessments
  • Social Engineering

“IoT and mobile devices are exponentially expanding the vulnerabilities of organizations as their adoption outpaces security teams’ ability to properly vet and secure them. Additionally, the focus on security around ICS has never been greater as fear of attack on infrastructure grows. Our decade of knowledge on how determined adversaries identify and exploit vulnerabilities and domain expertise in these emerging and critical technologies enables us to provide comprehensive recommendations to improve security postures,” added Heilman. (Original Source)

Shares of FireEye Inc closed yesterday at $18.56, down $0.20 or -1.07%. 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 $15.85 and its 200-day moving average is $22.76.

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 implies an upside of 7.8% from current levels. Separately, on March 9, Piper Jaffray’s Andrew Nowinski upgraded the stock to Buy and has a price target of $24.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gabriela Borges and Andrew Nowinski have a total average return of -3.1% and 0.1% respectively. Borges has a success rate of 20.0% and is ranked #2566 out of 3757 analysts, while Nowinski has a success rate of 42.9% and is ranked #2212.

The street is mostly Bullish on FEYE stock. Out of 17 analysts who cover the stock, 9 suggest a Buy rating and 8 recommend to Hold the stock. The 12-month average price target assigned to the stock is $29.75, which represents a potential upside of 60.3% 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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