- FireEye has had quite the month.
- The company was the first to flag that it had been compromised by the 'Cozy Bear' hack - a big negative for the stock, one might think.
- The market then appeared to conclude that the company's standing in the cybersecurity community would lead to major growth opportunities following the hack.
- The stock has rocketed away as a result, despite FireEye being a barely-growing company with poor margins and an increasingly fat valuation.
- Despite the numbers, we own the name in our 'CyberSecurity-36' portfolio and so far the stock has been a great performer for us. We do think it has to grow into that valuation soon though.
For further details see:
We Bought FireEye For Our CyberSecurity-36 Portfolio, Despite Its Weak Fundamentals