FireEye’s Recommendations: What Are the Analysts Saying?
By Anne Shields | Feb 1, 2017 1:49 pm EST
Wall Street analysts’ views on FireEye stock
So far in this series, we’ve discussed the factors that impacted FireEye (FEYE) in 2016 as well as the factors that could determine its position in cybersecurity in 2017.
Notably, FireEye, Symantec (SYMC), Palo Alto Networks (PANW), Barracuda (CUDA), and Fortinet (FTNT) are prominent players in the cybersecurity space, while Cisco Systems (CSCO) dominates the security appliance market.
Of the 31 analyst recommendations for FireEye stock, there are two “sell” recommendations. As you can see in the chart above, more than 60% of analysts recommended a “hold” for FireEye stock, and the remainder offered “buy” recommendations.
In the preceding parts of this series, we highlighted various financial factors and initiatives that could give investors some assurance that FireEye is moving in the right direction with respect to growth, as well as the technical areas we feel it should focus on. http://marketrealist.com/2017/02/fireeyes-recommendations-what-are-the-analysts-saying/