Analysts’ views of FireEye Stock
As we’ve already discussed in this series, Equifax (EFX) reached out to FireEye’s (FEYE) Mandiant incident response team to help look into its recent data breach, and EFX stock has fallen considerably since the announcement of the breach, while FireEye has received a lot of fresh attention.
Of the 29 analyst recommendations for FireEye stock, there was only one “sell” recommendation on September 26, 2017. More than 60% of the recommendations were “hold,” and the rest were “buy.”
Stock movement and target prices
FireEye’s stock price movement during the past months has been largely positive. Wall Street analysts gave a price target of $17.2 per share for FireEye on September 26, 2017. The company’s median target price was $17.00 on September 26, 2017, and FireEye’s closing price was $16.78 on September 26, 2017.
Notbly, investors who want diversified exposure to the cybersecurity space can consider investing in the PureFunds ISE Cyber Security ETF (HACK). HACK invests in 40 cybersecurity companies, including FireEye, Symantec (SYMC), Cisco Systems (CSCO), and Palo Alto Networks (PANW).