Morgan Stanley upgrades FireEye stock
Last week, FireEye (FEYE) stock got a major boost when Morgan Stanley (MS) upgraded the company’s stock to an “overweight” rating from an “equal weight” rating and increased its price target to $19 from the previous $13.
Increased adoption and expectations from Helix
The above presentation, which summarizes the data of a customer survey done by Morgan Stanley for FireEye’s offerings, suggests that Helix is expected to be the company’s most popular offering over the next three to five years. Helix, FireEye’s latest offering in the security space, is an intelligence-driven platform that simplifies, mechanizes, and integrates security operations, regardless of the organization’s size or industry.
The research firm further noted that FireEye is building a comprehensive platform to detect, block, and remediate threats on a platform that focuses on Helix, and early data points look positive.