Why FireEye (FEYE) Stock Is Rising Today

NEW YORK (TheStreet) -- FireEye (FEYE) shares are up 4.2% to $37.80 on Monday after having coverage initiated with a "buy" rating and $45 price target by analysts at Summit Research.

Analysts at the firm believe that "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."

The firm sees the recent pullback on the company's shares as an attractive entry point for investing in the stock.

Must ReadWarren Buffett's 25 Favorite Stocks 

FEYE Chart

FEYE data by YCharts

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

More from Markets

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday