Oppenheimer maintains its Perform rating on FireEye, Inc. (Nasdaq: FEYE) following the company's analyst day on Wednesday.

Analyst Shaul Eyal noted the following takeaways from the event, other than an announcement that the company would partner with Visa:

• Path to Profitability: The company provided additional color around its LT operating model while reiterating current guidance. With conservative assumptions (flat renewal rates and contract terms), FireEye will deliver $2-3B in 2019 billings. More specifically, with 8,500 net new customers (avg. ASP $260K) between 2015-2019, this target can be achieved. Positive all in all: we believe this analysis provides a LT framework from which to judge FEYE in future periods.
• Platform is Key: FEYE remains focused on becoming a next-gen security platform and continues to see success with its network & Incident Response solutions. Key to the story's ongoing success will be the ability to execute within endpoint, mobile & the cloud. We have seen that customers react well to a nextgen integrated platform; we just await evidence of new initiatives' uptake.

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