fireeye acquisition rumorsShreyas Pracharak Sabha

fireeye acquisition rumorsmike gundy mullet 2019

FireEye is the intelligence-led security company. FEYE Gains On Takeover Chatter . The rumor that FireEye Inc. (NASDAQ: FEYE) could become a takeover target sounds plausible in a market ripe for consolidation, several analysts told Benzinga Tuesday.. According to Okdiario - a Spanish digital news outlet - the technology giant is “closer than ever” to sealing a deal following a long period of negotiation, with the purchase potentially set to close in the “coming weeks”.

Further, amortization of intangible assets, aswell as other non-recurring expenses, if any, will also impactresults. “We believe there is nobetter way to train people and instrument better security than bycontinually attacking the environment and adapting security controlsto the real threats. Finally, organizations will have a reliable andconsistent way to quantify cyber risk in a manner understandable tofrontline technicians and in the Board room.”Based on the company’s preliminary evaluation of the Verodinbusiness and the anticipated impact of purchase accounting on Verodindeferred revenue balances, guidance ranges for the second quarter andfull year 2019 have been updated to reflect the acquisition.The Verodin platform complements existing cyber security productsand technology-enabled services. FireEye considers these non-GAAP financial measures to be useful metrics for management and investors because they exclude the effect of stock-based compensation expense, amortization of stock-based compensation expense capitalized in software development costs, amortization of intangible assets, acquisition related expenses, non-cash interest expense related to the company's … It just is not as simple as saying “But now it’s a buyout candidate.” The company has continued to grow, with revenues rising from $623 million in 2015 to $831 million in 2018. The Refinitiv consensus analyst target price was last seen at $17.66.UBS issued a more favorable outlook. FireEye said that it had $0.09 in earnings per share (EPS) and $230 million in revenue.

4) FireEye Inc. - Get Report: The cybersecurity space, being the one tech sector not hostage to Chinese regulation, is not just due for consolidation, it's "ripe for merger mania," Cramer opined.
FireEye 's (FEYE) stock popped on an upgrade to buy by a Goldman Sachs analyst, who's upbeat on a new security product platform but also sees a possible acquisition of the company. A CFRA report from late September came with only a Hold rating and a $17 target price. With this approach, FireEye eliminates the complexity andburden of cyber security for organizations struggling to prepare for,prevent, and respond to cyber attacks. FireEye has seen its shares of disappointments in recent years.

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fireeye acquisition rumors