NEW YORK (TheStreet) -- FireEye (FEYE) shares are up 0.43% to $30.42 in trading on Monday, recovering from an earlier decline after the cyber security company announced that it identified a group of hackers that it says is responsible for attacks against publicly traded companies in an attempt to influence the stock market.
The company said that companies in the biotech sector were the subject of many of the hacking attempts by the group who were also able to glean information from 100 different publicly traded companies.
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The hackers were able to steal merger and acquisition information from more than 80 companies over the past year by tricking lawyers and executives at the companies into providing access to confidential files.
The firm believes that the hackers are American and have previous Wall Street experience due to the sophistication and percision of the hacking attempts.
FireEye shares have declined almost 30% since the beginning of the year with the company taking a major hit last month following the release of disappointing third quarter numbers that saw the company miss analysts' earnings and revenue expectations for the period.
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: