FireEye (FEYE) is the ‘Chart of the Day’

NEW YORK (TheStreet) -- Shares of FireEye Inc. (FEYE) are up by 1.64% to $54.03 in early afternoon trading on Wednesday.

FireEye is a Milpitas, CA.-based cybersecurity solutions provider.

TheStreet's Bryan Ashenberg and Bob Lang of Trifecta Stocks have identified FireEye as the "Chart of the Day." Here is what Ashenberg and Lang had to say about it:

Cybersecurity has become big business. Every week, it seems we are hearing about some breach of important data files by some hacker threatening to steal information that could cost someone many millions of dollars.

In fact, last week we heard of not one but two such intrusions into Federal employee files. If it's easy for the government to be victimized then really anyone or anything is vulnerable.

FireEye (FEYE:Nasdaq) and others in this group like CyberArk (CYBR:Nasdaq) and Palo Alto Networks (PANW:NYSE) are all the rage this year, as they are the perceived victors of investment by companies in their own protection.

As it relates to the charts, the market believes it as well. FireEye is well off its all-time highs, but is at yearly highs in this very sloppy and choppy market, which is quite the feat. This is a stock that has potential for growth but is just in the proving stages.


Want more like this from Bryan Ashenberg and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now!

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."

You can view the full analysis from the report here: FEYE Ratings Report

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