Stock Update (NASDAQ:FEYE): FireEye Inc Releases Mandiant M-Trends Report With Insights From Advanced Attack Investigations

FireEye Inc (NASDAQ:FEYE), the leader at stopping today’s advanced cyber attacks, today announced the release of the sixth annual Mandiant M-Trends® report. Compiled from advanced threat investigations conducted by Mandiant’s leading consultants in 2015, “M-Trends 2016” details the leading cyber trends and tactics threat actors used to compromise businesses and steal data.

“In 2015, we continued to be reminded that there is no such thing as perfect security,” said Kevin Mandia, SVP and president, FireEye. “Based on the significant number of incidents that Mandiant investigated in 2015, threat actors are finding inventive and disruptive ways to skirt even the best defenses, resulting in informational, financial and reputational loss.”

Some of the report’s key findings include:

  • The time it takes organizations to discover compromises continues to drop. The median number of days attackers were present on a victim’s network before being discovered dropped to 146 days in 2015 from 205 days in 2014; however, breaches can go undetected for years.
  • Breaches continue to be discovered by third-party sources. Mandiant’s investigations of attacks show that external identification takes longer, with an average of 319.5 days from compromise to discovery. Internal discovery takes an average of 56 days.
  • Disruptive attacks are becoming more common. Over the past year, Mandiant responded to incidents where attackers destroyed critical business systems, leaked confidential data, held companies for ransom, and taunted executives. Some attackers were motivated by money, some claimed to be retaliating for political purposes, and others simply wanted to cause embarrassment. (Original Source)

Shares of FireEye closed yesterday at $15.41. 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 $14.87 and its 200-day moving average is $25.96.

On the ratings front, FireEye has been the subject of a number of recent research reports. In a report issued on February 12, FBN analyst Shebly Seyrafi reiterated a Buy rating on FEYE, with a price target of $18, which represents a potential upside of 16.8% from where the stock is currently trading. Separately, on the same day, Nomura’s Frederick Grieb reiterated a Buy 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, Shebly Seyrafi and Frederick Grieb have a total average return of -2.8% and 9.4% respectively. Seyrafi has a success rate of 47.8% and is ranked #3064 out of 3666 analysts, while Grieb has a success rate of 38.5% and is ranked #475.

Overall, 6 research analysts have assigned a Hold rating and 10 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 $29.00 which is 88.2% above where the stock closed yesterday.

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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