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FireEye Inc (NASDAQ:FEYE) has caught fire so far in 2017, thanks to the company’s improved operating metrics and growth prospects in the quarters ahead. Indeed, after the 41% decline last year alone — driven by strong competition from the likes of like Palo Alto Networks Inc (NYSE:PANW), Cisco Systems, Inc. (NASDAQ:CSCO) and Fortinet Inc (NASDAQ:FTNT) — FEYE stock has finally shown a bottom. Meanwhile, FireEye’s cost-cutting efforts should continue to have a meaningful impact on its bottom line.
Cisco claims it's one to two years ahead of competitors after unveiling its encrypted traffic analytics, programmable switches, and DNA-Center, the last of which it says will improve business return on investment by 402 percent.
Hackers allegedly compromised the firm's software updates.