NEW YORK (TheStreet) -- FireEye (FEYE - Get Report) had coverage initiated with a "buy" rating and a $45 price target by analysts at Summit Research on Monday.
Summit Research analysts believe that the recent pull back on the stock makes it an attractive buy due the virtual machine based security platform provider's best in class advanced persistent threat detection technology.
"FireEye's unique position in detection, consulting and remediation allows it to penetrate the most demanding government entities that act as influencers to large numbers of potential corporate customers," Summit analysts said.
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