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FireEye Bolsters Mandiant Advantage Platform with Intrigue
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FireEye Bolsters Mandiant Advantage Platform with Intrigue

FireEye’s (FEYE) unit Mandiant has announced the acquisition of Intrigue, a provider of Attack Surface Management (ASM) technology. The financial terms of the deal have not been disclosed so far.

As per the terms of the deal, Intrigue’s attack surface management technology will be combined with the Mandiant Advantage platform. This will help customers discover critical gaps in their security programs.

Also, the acquisition is expected to help Mandiant expand its SaaS capabilities, along with other services, which are currently being offered through its Mandiant Advantage platform. (See FireEye stock charts on TipRanks)

The Chief Technology Officer at Mandiant Advantage, Colby DeRodeff, said, “Mandiant knows what adversaries are doing right now and what vulnerabilities they are currently exploiting. By combining this intelligence with the capabilities of Intrigue, we are rapidly evolving our customers’ ability to efficiently manage risk and prioritize their resources.”

On August 6, Robert W. Baird analyst Jonathan Ruykhaver downgraded the rating on FireEye to a Hold and lowered the price target to $20 from $24. The new target price implies 12.2% upside potential.

The analyst noted, “While we continue to appreciate the strategic rationale behind the divestiture, we are more comfortable waiting on the sidelines for now until we see the company prove its ability to drive success (particularly on the subscriptions side) with the standalone business.”

Overall, the stock has a Hold consensus based on 2 Buys, 5 Holds and 1 Sell. The average FireEye price target of $21.25 implies upside potential of 19.3%.

TipRanks data shows that financial blogger opinions are 83% Bullish on FEYE, compared to the sector average of 70%.

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