FireEye (FEYE) Hits All-Time High After 30% Jump
FEYE surged more than 30% on Friday, boosting shares to an all-time high. The company's stock has more than doubled since it debuted on the market in September. FireEye had also increased its fourth-quarter revenue estimates on Thursday. Goldman Sachs also increased its price target on FireEye from $40 to $45.
FBR Capital Markets analyst Daniel Ives wrote in a note that FireEye's purchase of Mandiant is a sign of more consolidation within the cybersecurity sector. "This deal speaks to our thesis around massive consolidation in the security landscape for 2014, with names such as Fortinet Inc.
Some analysts have noted that larger companies such as IBM