FireEye (FEYE) PT Lifted to $40 at Piper Jaffray

Piper Jaffray analyst Andrew Nowinski raised his price target on Overweight-rated FireEye, Inc (NASDAQ: FEYE) to $40.00 (from $36.00) following the company's webinar, saying innovation driving share gains and revenue growth.

Nowinski commented, FireEye hosted an investor briefing today via a webinar, discussing two new product launches: a new FireEye-as-a-Service subscription and a new Advanced Threat Intelligence subscription. Additionally, management tipped their hand with regard to the product roadmap, citing three new products expected to begin shipping in Q4. All in, we believe today’s announcements demonstrate the continuous innovation of FireEye, in support of our belief that FireEye is one of the best-positioned vendors capable of defending against Advanced Persistent Threat."

The firm moved FY 2014 EPS from ($2.13) to ($2.15) and FY 2015 EPS from ($1.73) to ($1.80)

For an analyst ratings summary and ratings history on FireEye, Inc click here. For more ratings news on FireEye, Inc click here.

Shares of FireEye, Inc closed at $33.68 yesterday.

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