The bad news comes in the form of corporations that have either suffered cyberattacks on their computer networks or want to prevent such attacks from happening. The good business results come to FireEye as the companies seek software to keep the bad guys out and stop those who may have found a way inside of their operations.
And now, with FireEye set to work with Visa (V) to develop products for merchants and credit card issuers to defend against large-scale attacks on payment data, the company is in an arena where it may drive the next big wave of cybersecurity technology.
"The company has become the Navy SEALs of cybersecurity," said Daniel Ives, an analyst with FBR & Co. Ives called the deal with Visa "a big partnership which speaks to the seriousness that financial stalwarts like Visa are viewing threats to customers on the cyber front."
For Visa, FireEye will run a web-based service meant to improve ways of getting intelligence on cyberthreats. FireEye will basically become the police service watching over Visa's network.
On Thursday, FireEye shares edged up 26 cents to $47.95. For the year, the shares haven risen 52%, compared with a 6.8% gain for the Nasdaq Composite Index.
Cybersecurity, especially involving credit cards and other financial information from consumers, remains one of the most-popular topics in technology. This comes with the advent of mobile-payment services such as Apple (AAPL) Pay and with major attacks such as the one on Target (TGT) in late 2013 which resulted in the security breach of 40 million credit and debit cards.