sobota, 4 stycznia 2014

FireEye market value surges by a third after Mandiant deal

FireEye Inc. Chairman of the Board, DeWalt and Founder Aziz pose with Nasdaq CEO Greifeld outside the Nasdaq Market site in Times Square (Reuters) - Shares of cybersecurity provider FireEye Inc rose as much as 35 percent on Friday after the company bought computer forensics specialist Mandiant Corp for $1 billion in a deal that underscores increasing consolidation in the red-hot sector. The share spike added about $1.7 billion to FireEye's market value, which has more than doubled since the company went public in September. "This deal speaks to our thesis around massive consolidation in the security landscape for 2014, with names such as Fortinet Inc and Proofpoint Inc as prime acquisition candidates ...," FBR Capital Markets analyst Daniel Ives wrote in a note. Analysts have said larger players such as IBM, Symantec and Hewlett Packard could look to acquire smaller security players to help drive growth as spending on cybersecurity increases.








via Tech News Headlines - Yahoo News http://news.yahoo.com/fireeye-shares-surge-24-percent-mandiant-acquisition-143425547--finance.html

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