Newsletter IconFacebook IconX IconThreads IconInstagram IconYouTube IconPinterest Icon
Giveaway: Win an ADATA SE880 2TB Portable External SSD

Sony's decision to rely on Mandiant helping FireEye's stock value

Sony has chosen cybersecurity firm FireEye to aid in its cleanup of hacking mess - and the company's stock value is going up because of it.

Comments
Published
Updated
45-second read time
Voice: Default
0:00 / --:--
Use left and right arrow keys to seek audio.

Sony Pictures is working to rebuild itself following a nasty cyberattack and subsequent data breach, courtesy of the Guardians of Peace. As such, the company has chosen cybersecurity firm FireEye's Mandiant to help clean up the mess - and FireEye likely couldn't be any happier with its decision.

Sony's decision to rely on Mandiant helping FireEye's stock value | TweakTown.com

Following the news, FireEye's stock value has increased, because of the high-profile nature of the data breach - and the fact that Sony Pictures could have chosen a few other large, high-profile firms. On the first day of news Mandiant was chosen, FireEye's shares increased 4.8 percent up to $32.39, and should continue to receive additional stability.

Here is what The Street Ratings recently offered: "We rate FireEye a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income."

Comments

Stay Updated

Follow TweakTown for breaking tech news, reviews, and daily updates.

Add TweakTown as a preferred source on GoogleFind TweakTown on Apple News
Newsletter Subscription