In the after-hours trading session, at last check, FEYE stock had plunged by -5.81% to trade at $21.22. FEYE stock previously closed the session at $22.53 gaining 0.90%. The FEYE stock volume traded 4.63 million shares, which was higher than the average monthly volume of 4.46 million shares within the past 3 months. In the past year up-to-date FEYE stock had surged by 78.10%, and in the past week had moved up by 3.68%. In the past three and six months, the FEYE stock has jumped by 16.43% and added 49.90% respectively. Furthermore, FireEye Inc. is currently valued in the market at $5.32 billion and has 234.74 million outstanding shares.
What you need to know about FireEye Inc.
FireEye, Inc. is a software infrastructure company that specifically focuses on providing intelligence-based cybersecurity solutions that focuses on preventive, reactive, and investigative-based actions for the users. The cybersecurity offerings of the company respond and remediate the cyber-attacks that a company faces. FireEye products cover and provide detection controls for the protection of network, email, endpoint, and cloud security control products.
What makes FireEye Inc. unique
FireEyeremoves the complexities and weight of digital protection for associations aiming to get ready for, prevent, and react to digital threats. FireEye has more than 10,100 clients across 103 nations, including more than 50% of the Forbes Global 2000. The organization has a customer base that includes broadcast communications suppliers, financial services, programming, innovation and Internet organizations, stock trades, electrical grid services, distributors and vendors, oil and gas organizations, medical services and drug organizations, and legislative offices. It offers its items and administrations through merchants, affiliates, and key accomplices in the United States, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The organization was once known as NetForts, Inc. furthermore, changed its name to FireEye, Inc. in September 2005. FireEye, Inc. was established in 2004 and is settled in Milpitas, California.
The company’s proprietary Dynamic Threat Intelligence Cloud is an offering that provides cloud services and cloud threat detection. FireEye provides a cloud-oriented security platform known as the Helix Security Operations Platform. For providing a range of cloud-based security options the company also has a Cloudvisory application Furthermore it provides consultation and maintenance services to companies.
The company has sold the FireEye products business for $1.2 billion
FEYE has announced today that it has been acquired by Symphony Technologies Group for $1.2 billion. The exchange incorporates the name FireEye, while the business that remaining parts will be called Mandiant Solutions, which was the name of Chief Executive Kevin Mandia’s past adventure that was obtained by FireEye in 2014 for $1 billion and turned into a section of the organization. All money exchange opens high-development Mandiant Solutions business
The organization will maintain partnership after closing by entering into agreements that support customers through reseller relationship and the separated companies will have shared product telemetry as well as frontline threat intelligence. The arrangement is expected soon to be closed at the final quarter, the organization said. FireEye, one of the biggest and most popular network safety firms in the United States, likewise said its board had supported an offer buyback program of up to $500 million.
Kevin Mendia believes that separation will bring more simplicity, focus, and clarity towards the company and efficiency in its resource utilization.