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home / news releases / FEYE - FireEye sidelined at Baird after earnings on execution risks

FEYE - FireEye sidelined at Baird after earnings on execution risks

FireEye Inc.
Given the heightened execution risk following the products business divestment, Baird downgrades FireEye (NASDAQ:FEYE) to Neutral. The firm "continues to appreciate the strategic rationale behind the divesture," but Baird prefers to watch from the sidelines until FireEye (FEYE) proves the ability to drive success with the standalone, particularly on the subscriptions side. FireEye (FEYE) shares are down 10% pre-market to $18.05. Background: FireEye stock slides after soft Q2 results following products divestment

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FireEye sidelined at Baird after earnings on execution risks
Stock Information
Company Name: FireEye Inc.
Stock Symbol: FEYE
Market: NASDAQ
Website: fireeye.com
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