LifeLock is looking to revamp itself with a purchase of FireEye according to a few of our sources in the security space that are privy to the on-going conversation. We were told the company is seeking to expand offerings and the added cyber-security depth from FireEye on the government level is what LifeLock wants, badly. The deal is set for $16 per share for a total valuation of $2.7 billion.
Key sell-side comment from this morning supporting the idea that FireEye is struggling comes from Gabelli & Co which noted "What matters in 2017: FireEye’s execution to demonstrate growth and achieve its profitability improvement target, cybersecurity market demand, and sales performance of the company’s new products and initiatives."
No comments:
Post a Comment