NEW YORK (TheStreet) -- Shares of FireEye Inc. (FEYE) are up 4.4% to $30.40 after it was named as a key collaborator of the Internet security company Norse Corp. on a $1.9 million contract with the Energy Department.
Norse, a leader in live cyber-attack intelligence, announced it was awarded the contract to provide the DOE with comprehensive live threat intelligence solutions, services and key integrations in support of the DOE's Cybersecurity Risk Information Sharing Program (CRISP).
A key part of this effort will involve Norse collaborating with the IT company FireEye, to tightly integrate Norse live attack intelligence solutions with FireEye hardware to provide live threat analysis of traffic within and outside of the networks of CRISP participants (energy companies), Norse said.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates FIREEYE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate FIREEYE INC (FEYE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income."