The analyst firm set a price target of $45 for the company. "FireEye has been rapidly expanding its product portfolio, both organically and through acquisition, most recently with the acquisition of Mandiant," analyst Gur Talpaz wrote.
Talpaz also praised FireEye's subscription revenue model saying that it is "generating both up-front product and ratable recurring revenue from sales of its core appliance-based solutions."
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.