Cybersecurity technology has advanced, and FireEye simply hasn't been quick enough to pick up on new trends. On the bright side, it most recently had almost $1 billion in cash and investments, followed by $127 million in receivables and it still has deferred revenues and backlog to consider.FireEye does have a lot to offer a would-be buyer. Private equity firms, particularly those that cherish earnings and an ability to offer consistent cash flows and dividends, would most likely not be a fit.It turns out that the daily flow of analyst calls included FireEye and many cybersecurity rivals. A CFRA report from late September came with only a Hold rating and a $17 target price. That's because a slew of small cloud-based start-ups have been gobbling up the lion's share of the next-gen security services business -- names like All of this is to say that, while FireEye's results on the surface look good enough, the cybersecurity industry looks headed for a shakeout in which the top dogs will get bigger and everyone else will struggle. Some of those leaders were started with Buy ratings, but SunTrust Robinson Humphrey started FireEye with a Hold rating and a $15 target price (versus a $13.82 prior close, after a 4.5% gain). 24/7 Wall St. has 14 go-to cybersecurity stocks that all have a market capitalization of $1 billion or higher.
And having a $3 billion market capitalization would not make this an astronomical buyout for any large company. It offers threat detection and threat prevention solutions for an entire network, email security solutions, endpoint security and customer support and maintenance services. FireEye continues to make the media rounds as a buyout target. The shares have a 52-week trading range of $12.66 to $20.61, and they have been stuck mostly between $13 and $18 since the start of 2018.It remains to be seen if FireEye really is a good buyout candidate. Cumulative Growth of a $10,000 Investment in Stock Advisor Jul. A combined valuation for these 14 players was about $125 billion on last look, and close to half of these companies are operating with a loss or barely a break-even basis on every new sale that is made.Companies such as IBM, Intel, Cisco, Dell, HP, Oracle, Salesforce.com, Microsoft and so on have made many acquisitions over time. However, many cybersecurity companies -- FireEye included -- have seen their revenues trail off dramatically as cloud computing has taken over as the digital process of choice. Stock Market It also remains elusive as to what a real buyout price might be. Following its September 2013 IPO, the company's shares gained ground rapidly for … Stock Advisor launched in February of 2002. The world continues to be in dire need of solid data security and cybersecurity options. On the last day of July, Wedbush Securities maintained its Neutral rating and lowered its target to $15 from $17.Shares of FireEye were up almost 1% at $13.95 in midday trading on Thursday, and that’s after a 4.5% gain on Wednesday.
That is about 78% of the company’s current market cap. While the company is no longer delivering the double- and triple-digit increases it achieved a few years ago, one might ask what's wrong with 7% annual growth? That would imply more than 50% in upside if it is correct.Other analysts have mixed views on the value of FireEye. The ongoing negative financials make a buyout at a large premium highly unlikely. The balance sheet also listed as almost $1.4 billion in goodwill and intangible assets combined on its balance sheet, along with about $872 million in long-term debt as of June 30, 2016. The cybersecurity vendor is cutting 6% of its workforce, or 204 employees. Its current profits are only on a non-GAAP basis, and the earnings forecasts for $0.02 per share in 2019 and $0.17 per share for 2020 make for nosebleed valuations on top of what are real versus virtual earnings.Through the end of 2018, FireEye has amassed a net loss carryforward amount of about $2.35 billion since it began operations. Tesla's raising capital, while FireEye is maybe being targeted as an acquisition. Many remote data center-based operations and the geographically dispersed workforces they support don't get adequate protection from security appliances tethered to specific office buildings.FireEye has been promoting its new cloud-based security suite, but its slow migration to that route is nevertheless showing up in revenue trends. To validate or refute such a rumor it is imperative to figure out if another company would actually buy FireEye and what that price might be.FireEye has seen its shares of disappointments in recent years. It's not as if FireEye is completely missing the boat on cloud security. It just is not as simple as saying “But now it’s a buyout candidate.” The company has continued to grow, with revenues rising from $623 million in 2015 to $831 million in 2018. See you at the top! Cybersecurity, however, is a different animal.As organizations around the globe transition to more digital-forward operating models, the demand increases for system security. Its sum-of-the-parts analysis comes to a $22 per share price target. Cisco is putting together an offer to purchase platform security vendor FireEye and expects to present the bid in the coming weeks, according to Spanish news outlet Okdiario.
It also has seen negative net free cash flows through 2018, and Wall Street is currently targeting revenue growth of close to 5% in 2019 and 8% in 2020. FireEye (NASDAQ:FEYE) has jumped 5% amid chatter that Cisco Systems (NASDAQ:CSCO) could make an offer for the cybersecurity company.
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