NEW YORK (TheStreet) -- FireEye
(FEYE) shares are up 3.1% to 29.55 after being upgraded to "hold" from "sell" by analysts at Gabelli & Co.
The rating increase comes a day after the stock fell 23% following the release of the company's first quarter earnings results. The stock declined despite the company beating analysts revenue guidance and posting a net loss in line with estimates.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Analysts at Gabelli believe that the stock has room to grow from its current price.
"We still see more investment risks than investment opportunities at the current share price, yet we believe current share price does not offer an attractive premium for selling the shares," said Gabelli.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts