NEW YORK (TheStreet) -- Shares of FireEye Inc. (FEYE) are up 3.17% to $31.59 in morning trading Monday after JPMorgan Chase added the company to its "U.S. Equity Analyst Focus List" as a "growth name" and maintained its "overweight" rating and price target of $54.
The negative reaction to third-quarter earnings provides an opportunity for investors interested in the IT company, analysts said. The company is known for its FireEye platform, a virtual machine-based security platform that provides real-time protection to enterprises and governments against cyber-attacks.
"FireEye growth continues and leverage is kicking in. The stock had a negative reaction to the September quarter earnings that we believe provides an opportunity for investors," analysts said.
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"The outlook for growth we believe is bright, and the new attitude focused on balancing operating leverage with that growth to drive the company towards profitability is likely to be well received by the market in coming quarters," the firm added.
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 some concerns, 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."