On Friday, Shares of FireEye, Inc. (NASDAQ:FEYE), lost -1.07% to $53.65.
Merrill Lynch raised the price target on FireEye stock to $60 from $55. The investment bank maintained a Buy on FireEye, Inc.
FireEye stock remains a top pick at Merrill Lynch due to the company being the most innovative in the entire sector and also because it holds the highest share in SaaS. Analysts at Merrill Lynch noted that SaaS revenue is the fastest growth area of ATP, outpacing that of Gateway and Software segments.
Additionally, FireEye is also well positioned to attain the first mover advantage in hosted cloud services, which have been witnessing increasing demand due to greater volume of cyber-attacks, together with the absence of skilled security professionals. FireEye could do so through its FireEye-as-a-Service offering, Bidness ETC Reports.
Analysts at the investment bank believe that FireEye, as of the last quarter, has established a strong presence in international markets, such as Europe and Asia, even though it is still in its initial growth stage. As a result, the company is presented with a plethora of growth opportunities. Bidness ETC added.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
Shares of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), declined -2.41% to $69.54, during its last trading session.
Qihoo 360 Technology, declared that its board of directors has formed a special committee compriseing of three independent, disinterested directors, Dr. Eric Chen, Dr. Jianwen Liao and Dr. Ming Huang, to consider the formerly declared non-binding “going private” proposal that the Board received on June 17, 2015. Dr. Eric Chen will chair the special committee. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel, and intends to retain an independent financial advisor in due course, to assist it in this process.
The Board cautions the Company’s shareholders and others considering trading the Company’s securities that the Board has just received the proposal letter and has not had an opportunity to carefully review and evaluate the proposal or make any decision with respect to the Company’s response to the proposal. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed regarding the projected transaction or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments.
Finally, Southern Company (NYSE:SO), ended its last trade with -1.36% loss, and closed at $42.73.
Georgia Power declared the latest milestone in the construction of Vogtle Unit 4 – the placement of the CA04 module into the nuclear island. The CA04 module, also known as the reactor vessel cavity, will house the Unit 4 reactor vessel and is comprised of five sub-modules. The CA04 module weighs about 64,000 pounds, or 32 tons, and is 27 feet tall and 21 feet wide. It was assembled onsite in the modular assembly building (MAB), moved to the nuclear island as one piece and lifted into place Wednesday by a 560-foot tall heavy lift derrick, one of the largest cranes in the world.
More than 120 workers were involved in the fabrication and placement of the CA04 module. As the largest job-producing project in the state, there are more than 5,000 workers presently on the Vogtle expansion site.
The placement of the CA04 module is the latest in a series of recent construction highlights at the site which comprise the concrete placement for the Unit 3 Annex Building basemat, the completion of the last of 12 separate water boxes within the Unit 3 Turbine Island and the arrival of multiple pieces of major equipment onsite such as the pressurizer for Unit 4. Georgia Power also recently declared the completion of a variety of transmission upgrades and installations at the site in preparation to connect the new units to Georgia’s power grid.
The expansion at Plant Vogtle is part of Georgia Power’s long-term, planned vision for providing safe, clean, reliable and affordable energy for Georgians well into the future. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is predictable to generate more electricity than any U.S. nuclear facility, enough to power more than one million homes and businesses.
Georgia Power is the largest partner of Southern Company (SO), one of the nation’s largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.4 million customers in all but four of Georgia’s 159 counties.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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