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Strategies & Market Trends : The New Economy and its Winners
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From: Bill Harmond7/7/2014 12:08:57 PM
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07-Jul-14 06:51 ET In Play FireEye: Critical infrastructure-the next security frontier? Maintain Buy rating, $70 tgt -- Topeka Capital Markets (38.95 ) : Topeka Capital Markets reiterates Buy rating on FEYE; while co will maintain its frenetic spending, resulting in losses for the next few years, firm is expecting the pace of spending to begin to moderate beginning in 2015. Remember that the estimated 143% increase in GAAP operating expenses for 2014 does reflect the inclusion of Mandiant since the beginning of the year, although there is no question that FireEye by itself is spending aggressively to solidify its position among the leaders in next generation security solutions; Buy, tgt $70.
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