FireEye (NASDAQ: FEYE) announced this Wednesday a definitive agreement to sell its products business for $1.2 billion in cash to a consortium led by the private equity firm Symphony Technology Group. That transaction will significantly transform the profile of the cybersecurity specialist. So here's what you need to know before considering buying the stock.
Over the last several years, FireEye managed to offset the decline of its legacy on-premises cybersecurity hardware products that protect emails, endpoints, networks, and more. Indeed, with acquisitions and internal developments, it has been growing its consultancy, software, and services, branded as Mandiant, to help enterprises dealing with cybersecurity threats and incidents.
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FireEye Sells Its Products Business for $1.2 Billion: What You Should Know