An Analysis of FireEye’s Valuation compared to Its Peers’
Similarly, the market caps of other cybersecurity service providers Palo Alto Networks (PANW) and Fortinet (FTNT) came in at $18.4 billion and $9.9 billion, respectively. In the graph above, we can see a comparison of the market caps of FireEye, Palo Alto Networks, and Fortinet. On May 15, FireEye was trading at a forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of ~35.31x.