|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's range||14.94 - 15.43|
|52-week range||7.54 - 18.34|
|Beta (5Y monthly)||1.19|
|PE ratio (TTM)||N/A|
|Earnings date||03 Feb 2021 - 08 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.25|
After releasing better-than-expected third-quarter results last month, FireEye (NASDAQ: FEYE) last week announced a cloud acquisition and a strategic investment to accelerate its transformation as a cloud cybersecurity player. Over the last several years, FireEye developed a portfolio of cloud and managed services to offset the decline of its legacy hardware businesses. In particular, FireEye's platform Mandiant Solutions, which leverages cybersecurity experts' knowledge to propose cybersecurity services, fueled that growth.
FireEye's (FEYE) recent acquisition of Respond Software and the $400-million investment deal with Blackstone and ClearSky bode well for its expansion plans.
Despite an analyst downgrade, shares of FireEye (NASDAQ: FEYE) were surging strongly in afternoon trading on the Nasdaq Friday. As of 2 p.m. EST, the stock was up 7.6% -- mainly on news released Thursday that a Blackstone (NYSE: BX) fund had made a $400 million strategic investment in the cybersecurity company. At 4:01 p.m. EST Thursday, just after the close of trading, FireEye announced that Blackstone Tactical Opportunities is partnering with cybersecurity-focused investment firm ClearSky to buy $400 million worth of 4.5% Series A Convertible FireEye preferred stock.