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.

Published Mon, Dec 22 2014 8:19 AM CST   |   Updated Tue, Nov 3 2020 12:11 PM CST

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."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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