Why FireEye (FEYE) Stock Is Up Today

NEW YORK (TheStreet) -- FireEye (FEYE) was gaining 1.9% to $30.00 Thursday after Stifel Nicolaus initiated coverage of the company with a "buy" rating.

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."

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

FEYE Chart FEYE data by YCharts

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.

More from Markets

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists