FireEye (FEYE) Stock Climbing on Visa Partnership to Combat Cyber Threats

NEW YORK (TheStreet) -- Shares of FireEye (FEYE) are climbing 2.73% to $48.99 in Thursday's morning trading session after the company said that it will partner with Visa (V) to provide advanced cyber protection for its customers.

In an era where cybercrimes are prevalent, these two companied will offer products and services so that card issuers will feel safer about their payment data. 

"The threat environment for merchants is more hostile than we've ever seen - attack groups focused exclusively on stealing consumer data are continuously expanding their operations and employing new techniques - it's a daunting prospect for any merchant whose business could collapse if they lose customer trust," said David DeWalt, CEO of FireEye.

Under the offering, FireEye plans to operate a web-based service "to enhance stakeholders' knowledge of attacks targeting the ecosystem, providing a significant improvement over current industry practices of sharing threat intelligence via e-mail or static documents."

Some of the companies hit by high-profile data breaches include Target (TGT) and Home Depot (HD).

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 deteriorating net income and feeble growth in its earnings per share."

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