FireEye Surges on Security Breach, Atmel Soars as Potential Buyout Target

NEW YORK (TheStreet) -- FireEye (FEYE) spiked after a massive cyber-security breach hit an estimated four million current and former federal government employees. Semiconductor equipment maker Atmel (ATML) surged after a report suggests if may be the next acquisition target in the semiconductor industry. China's online retailer J.D. com (JD) soared as the Shanghai Composite hits a new high.

FireEye spiked 6.4% to close at $51.03.

The security software vendor soared after the government disclosed late Thursday that millions of current and former federal government employees may have had their personal information accessed by cyber thieves. Other security vendors like Palo Alto Networks (PANW), Fortinet (FTNT) and others also rose sharply. 

Federal government officials believe the source of the massive hack attack came from Chinese cyber thieves, according to a report in 24/7 Wall Street.


Atmel surged 3.5% to end the day at $9.41.

The semiconductor equipment maker rose for a second consecutive day by a total of 5.1% since FBR issued a research note on Thursday that Atmel could be a potential buyout candidate.

The FBR report said that if the semiconductor conductor industry remains on a torrid pace of consolidation, it's expected that 32% of all publicly traded U.S. chip companies will be acquired, according to a report in Benzinga

Besides Atmel, FBR pointed to Lattice Semiconductor (LSCC) and Cavium (CAVM) as potential buyout targets, according to Benzinga. FBR said Atmel has one of the most efficient fabrication plants worldwide and could potentially offer a buyer "excellent" gross margin accretion for companies that operate with modern manufacturing capacity, reported Benzinga.


JD.com soared 4.5% to close the session at $35.67.

The Chinese e-commerce company got a lift as the Shanghai Composite hit a new high of 5.023 on Friday. The Shanghai market jumped 1.5% for the day, with the index reaching its highest level since January 2008.

Earlier in the week, JD.com soared after it announced it would open a Japanese Mall on its e-commerce platform, giving China's vast population access to imported Japanese products.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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