NEW YORK (TheStreet) -- FireEye (FEYE) - Get Report stock closed higher by 2.92% to $16.94 on heavy trading volume on Monday after the security software company announced a partnership with Belden (BDC), a signal transmission solutions provider based in St. Louis.
Shares of Belden closed up 0.16% to $54.77 this afternoon.
The companies will collaborate on integrated industrial network security solutions that will prevent hackers from accessing a network's control system.
Milpitas, CA-based FireEye will provide detection skills, targeted threat intelligence and other services, while Belden will supply monitoring, scanning and other technology.
The partnership will allow the companies "to add advanced detection and visibility from the enterprise edge of the network to the [industrial control systems] zone, and provide the services necessary to help mitigate an attack before an adversary can take down a key piece of critical infrastructure," FireEye CEO David DeWalt said in a statement.
By the end of the trading day, 14.25 million shares of FireEye had exchanged hands, compared with its average daily volume of 5.84 million shares.
Separately, FireEye has a "sell" rating and a letter grade of D- at TheStreet Ratings because of the company's deteriorating net income, disappointing return on equity, generally disappointing stock performance and feeble earnings per share growth.
You can view the full analysis from the report here: FEYE
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