
FireEye (FEYE) Stock Closed Higher After Turning Down Takeover Offers
NEW YORK (TheStreet) -- Shares of FireEye (FEYE) - Get Report increased by 4.02% to $16.05 in Wednesday's trading session, after rebuffing takeover offers from multiple parties earlier this year, sources told Bloomberg.
The cyber-security company turned down at least two suitors that made bids below its expectations of at least $30 per share, according to Bloomberg.
One of the interested parties was Symantec (SYMC), which agreed to acquire Blue Coat Systems (BCSI) earlier this week. Discussions between Symantec and FireEye reportedly ended in early February.
Discussions with another buyer stalled in late March, and the sales process is no longer active.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
FireEye's weaknesses include its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: FEYE
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.










