FireEye Stock Flies Higher on Strong Results
The stock in focus today is a good example of one of our favorite growth investing strategies. We pick stocks with great products that are likely to gain in the coming years with the rise of the “connected world.”
As the digital age grows, a number of threats will appear on the horizon. Investors could make handsome gains from businesses that help to mitigate some of these risks.
FireEye Inc (NASDAQ:FEYE) is one example. It provides comprehensive intelligence-based cybersecurity solutions and helps organizations prepare themselves against, prevent, respond to, and remediate cyberattacks. The company has more than 40% of the Forbes Global 2000 as its customers, which belong to diverse industries and across different geographies.
However, the company had been in the process of transforming itself, which had a negative impact on its