Why FireEye (FEYE) Is Gaining Today

NEW YORK (TheStreet) -- FireEye (FEYE) was gaining 8.5% to $95.69 Wednesday following a raised price target from FBR Capital.

FBR Capital raised its price target for the cyber security company to $105 from $90, maintaining its "outperform" rating for the stock. The upgraded price target is due to the analyst firm seeing "explosive demand" for FireEye and Mandiant, which FireEye recently acquired, in March quarter channel checks.

FBR Capital says FireEye's current full-year 2014 outlook looks conservative.

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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