FireEye (FEYE) Stock Continues to Gain Following Hack

NEW YORK (TheStreet) -- Shares of FireEye Inc  (FEYE) were up 1.63% to $51.86, adding to its gains from last week following reports of the cyber attack on millions of U.S. federal workers.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio said on Friday, "FireEye CEO Dave DeWalt has put together the best forensic team there is to find out what goes on in a hack."

"FireEye is now partnered with Visa (V) for prevention, and can go to $60," Cramer noted in a video for TheStreet.

On Wednesday, FireEye and Visa announced that they will develop products and services that help merchants and card issuers detect and respond to attacks.

Late Thursday, U.S. officials revealed a data breach may have leaked personal information of roughly 4 million current and formal federal workers after hackers got into government computers, according to Reuters.

Milpitas, Calif.-based FireEye created a purpose-built, virtual machine-based security platform that provides real-time, dynamic threat protection across the primary threat platforms including web, email, and files in various stages of an attack life cycle.

The company provides malware protection systems as well as automated threat prevention solutions.

Insight from TheStreet's Research Team:

Timothy Collins commented on FireEye in a recent post on RealMoney.com. Here is a snippet of what Collins had to say about the stock:

I've been posting some charts over the last month. OK, a lot of charts. So I figure we need to take a day or two each month and see how they have done. Accountability is what this is all about. The good, the bad, the ugly and the "I just don't have any clue about this chart."

Rather than do it in a long, drawn-out format of type and drivel, we'll just let the charts do the talking for themselves -- mostly.

- Timothy Collins, 'Bull Charts of the Day: Roundup' originally published 6/5/2015 on RealMoney.com.

Want more information like this from Timothy Collins BEFORE your stock moves? Learn more about RealMoney.com now.

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