|Bid||16.93 x 800|
|Ask||16.94 x 1300|
|Day's Range||16.77 - 17.05|
|52 Week Range||13.40 - 19.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.39|
China has donated a reported $20 million in polling booths, laptops, computers and other equipment to Cambodia's National Election Committee. Tokyo, meanwhile, has reportedly provided over 10,000 ballot boxes worth $7.5 million.
The software sector continues to lead, and top cybersecurity stocks Proofpoint, Okta and FireEye are all working on bases. Palo Alto Networks, CyberArk Software, Qualys and Zscaler are consolidating, but they're too short to be bases.
BEIJING (AP) — Last month, the daughter of a jailed Cambodian opposition party leader received an email from a well-seeming activist at a reputed Cambodian non-profit. For weeks, the sender nudged Monovithya Kem to open an attachment described as containing interview questions.
, a US cyber security company said. FireEye said that a cyber-espionage operation called TEMP.Periscope, linked to a server based on China’s Hainan island, was using a range of hacking tools to gain access to Cambodian individuals’ and institutions’ computer accounts before the July 29 poll. The Silicon Valley-based company said TEMP.Periscope’s activity pointed to “extensive interest in Cambodia’s politics, with active compromises of multiple Cambodian entities related to the country’s electoral system”.
Chinese cyber spies have targeted Cambodian government institutions, opposition party members, diplomats and media, possibly to gather information ahead of elections later this month, according to cybersecurity firm FireEye Inc. The hacks are suspected to come from a Chinese cyber espionage group known as TEMP.Periscope, according to a report by FireEye, which had previously linked the same group to attacks on targets including U.S. engineering and defense companies with interests in the South China Sea, a key transport waterway that China claims mostly for itself. The attacks come as Asia’s longest-serving Prime Minister Hun Sen seeks re-election on July 29 in a campaign bereft of an effective opposition since the dissolution of the Cambodia National Rescue Party and the arrest of its leader Kem Sokha last year over accusations that he plotted with the U.S. to overthrow the government.
The stock market has been in turmoil all year. Ever since the correction started in February, investors have had to pay more attention to headlines than company fundamentals. We have a boom in business P&Ls thanks to tax advantages in the U.S. and global growth, yet most short-term trading is happening as knee-jerk reactions to headlines.
Shares of FireEye Inc. (feye) are up 3.5% in premarket trading after Piper Jaffray analyst Andrew Nowinski upgraded the cybersecurity company's stock to overweight from neutral and increased his price target to $20 from $17. Nowinski's latest round of channel checks suggested that the company is gaining momentum. "Our channel contacts noted that the new pricing bundles are having a positive impact on overall demand trends, which we believe is sustainable and will drive positive operating income and free cash flow starting in 3Q18," he wrote.
Short interest is moderate for FEYE with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $3.78 billion over the last one-month into ETFs that hold FEYE are not among the highest of the last year and have been slowing.
FireEye (FEYE) serves three security areas: network, email gateway solutions, and endpoint security. The growing importance of the endpoint security market driven by the rising popularity of BYOD (bring your own device) has made organizations vulnerable to security threats. Although FireEye isn’t highly dependent on endpoint security as a prime source of revenue, it may gradually become a major business driver for the company going forward.
Currently, FireEye stock is trading 22.2% higher than its 52-week low of $13.4 and 15.4% lower than its 52-week high of $19.6. FireEye continues to gain from the huge demand for its network, email, and endpoint security products. In the last six months, the stock price of other cybersecurity service providers like Palo Alto Networks (PANW) and Fortinet (FTNT) maintained a solid upward movement.
The acquisition of Mandiant has helped FireEye (FEYE) to boost its endpoint security business. The deal allowed the company to gain access to Mandiant’s expert security consulting, incident response, and managed security services.
FireEye (FEYE) expects to generate operating profit in the upcoming quarters buoyed by growth in revenue. The strong demand for the company’s intelligence-based product portfolio has prompted the cybersecurity firm to project encouraging operating margin numbers after incurring operating losses for many quarters. The company expects non-GAAP operating margin for fiscal Q2 2018 to be in the range of -2% to 1%, whereas for full fiscal 2018, the margin is expected to be in the band of 1% to 2%.
A cybersecurity ETF has returned 31 percent since the Equifax data breach last year, double the return of the S&P 500. Companies in the fund include Palo Alto Networks, Fortinet, FireEye, Juniper Networks, CyberArk Software, Symantec and Cisco. Gartner recently projected cybersecurity spending to climb 7 percent to $93 billion this year compared with $86.4 billion in 2017.
Cybersecurity firm FireEye (FEYE) continues to gain market traction through its innovative security products. The company’s popular user interface, Helix, continues to gain momentum buoyed by the growing demand across different companies. The company considers it to be one of its growth drivers in the long run.
FireEye’s goal is to become the main operating system for enterprises’ security operations centers. Most organizations use a huge number of user interfaces and different types of security products, which can be a bit hectic to manage.
FireEye’s (FEYE) email security solution has become the second most important business driver for the company after its network security platform. The growing popularity of the email security system within the organization has gained utmost importance driven by the rising phishing attacks, where hackers gain unauthorized access to important information available within the enterprise. Another common type of email security threat that has been on the rise recently is CEO impersonation where users within the organization get an email from management asking them to make a payment to a third party.
The cybersecurity market is heating up with different security products and innovative features. Thus, FireEye’s (FEYE) intelligence-based products help the company to stand out among competitors. The company continues to gain intelligence from the front lines and its iSight Intelligence products.
FireEye, Inc. (FEYE), the intelligence-led security company, today announced it will release financial results for its second quarter 2018 on Wednesday, August 1, 2018 after the close of the U.S. markets. FireEye will host a conference call the same day at 5 p.m. ET (2 p.m. PT) to discuss the results. FireEye is the intelligence-led security company.
FireEye (FEYE) continues to gain from the high proliferation of cloud technology across various organizations. The company’s flexible cloud delivery platform, which includes both public and hybrid clouds, continues to boost customer growth and drive billing for the company. In addition, the company’s strategic alliance with Oracle’s (ORCL) cloud platform has helped the cybersecurity provider to make its cloud email solution available in Oracle’s SaaS (software-as-a-service).
At the start of 2017, listener Arlo added 2016’s worst-performing Rule Breaker stocks to his portfolio. Here's what happened next.
FireEye (FEYE), an intelligence-based cybersecurity service provider, saw a significant fall in Monday’s trading session. After the close of the market, FEYE stock was at $15.80, down 3.5% from the previous day.
Editor’s News Picks FireEye refutes reporting on hacking: Mandiant, a subsidiary of the cybersecurity vendor FireEye Inc. specializing on incident response, on Monday denied a report that it used hacking as a research technique, according to CyberScoop.
FireEye (FEYE) is planning to strengthen its business in the highly competitive mid-market. It aims to attract mid-market customers through flexibility by offering SKU (stock keeping unit) and bundled products to meet different needs, as well as offering hardware on a subscription basis.