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Are We Finally Starting to See Some Life in FireEye Inc (NASDAQ:FEYE)?

There are many staunch advocates of FireEye Inc (NASDAQ:FEYE). However, the company has managed to underperform expectations in terms of share prices for quite some time, leaving many to second guess those expectations. However, under the surface, something interesting has been going on: at a time when most everything in the tech sector has been getting crushed, FEYE has begun to quite clearly outperform.

That action might be at least in part related to its recent announcement of the availability of a set of solutions to empower collaboration and bolster access to community-based protection from cyber attacks. According to the release earlier this month, “The FireEye Market, Expertise On-Demand and enhanced Incident Response Retainers take a community-centric approach and offer access to free tools, shared knowledge, FireEye expertise and on-demand services.”

FireEye Inc (NASDAQ:FEYE) bills itself as a company that provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks.

It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks.

The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

It also offers security management and orchestration products, such as Central Management System, FireEye Security Orchestrator, and FireEye Helix platform; and forensics and investigation products, such as Threat Analytics Platform and Enterprise Forensics series of appliances.

In addition, the company provides Security-as-a-Service solutions comprising cloud-based Email Threat Prevention solution and managed Defense/FireEye-as-a-Service offering; threat intelligence subscriptions, such as Dynamic Threat Intelligence cloud and FireEye iSIGHT Intelligence; and customer support and maintenance services.

Further, it offers professional services, including incident response, compromise assessments, and related security consulting services; cyber threat intelligence services; and training services.

The company serves telecommunications providers, financial services entities, Internet search engines, social networking sites, stock exchanges, electrical grid operators, networking vendors, oil and gas companies, healthcare and pharmaceutical companies, and local and international governmental agencies.

FireEye, Inc. provides its products and services through distributors, resellers, and strategic partners in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa, and other regions. The company was formerly known as NetForts, Inc. and changed its name to FireEye, Inc. in September 2005.

FireEye, Inc. was founded in 2004 and is headquartered in Milpitas, California.


Against the Grain

We started off by noting that FEYE recently hit the wires with its announcement of the availability of a set of solutions to empower collaboration and bolster access to community-based protection from cyber attacks.

This announcement has popped the stock higher, which certainly isn’t surprising. FEYE shareholders are now sitting on about 3% in gains over the past week. Shares of the stock have powered higher over the past month, rallying roughly 6% in that time on strong overall action.

“It is not possible to have perfect security, and nearly every organization has difficulties amassing the capabilities they require,” said Kevin Mandia, CEO of FireEye. “Therefore, delivering a community-driven defense is an essential component of effective cybersecurity. Virtually every organization is connected to the internet, and many organizations face the same cyber threats, so we all benefit from knowledge and resource sharing, as well as collaboration and the creation of tools and applications. FireEye is building a community-based approach to address global security challenges together.”

FireEye Inc (NASDAQ:FEYE) managed to rope in revenues totaling $202.7M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top-line growth of 9.3%, as compared to year-ago data in comparable terms.

In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($1.1B against $636.8M).

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