FireEye speeds up its cyber-software

Article Excerpt

FIREEYE INC. $22 is a buy for aggressive investors. The company (Nasdaq symbol FEYE, Manufacturing & Industry sector; Shares outstanding: 227.7 million; Market cap: $5.0 billion; No dividend paid; Takeover Target Rating: Medium; www.fireeye.com) is a cybersecurity software firm that aims to provide businesses and governments worldwide with real-time threat protection against increasingly sophisticated cyber-attacks. The business recently acquired Respond Software for $186 million in cash and shares. Respond’s products help companies understand and respond to security incidents more quickly while reducing the need for highly trained security analysts. FireEye plans to integrate Respond Analyst with its Mandiant Solutions platform. The company feels the acquisition’s cloud-based machine learning software will help speed up its existing tools. Purchases like this will help FireEye profit as many companies and U.S. government agencies work to contain and fix the damage from recent attacks by Russian hackers. FireEye is a buy, but only for aggressive investors. investors. …