FireEye (FEYE.US), a cybersecurity company, announced that Blackstone and ClearSky jointly took a $400 million stake in the firm. Moreover, FireEye said that it acquired Respond Software, a cyber-security investigation firm in a cash-and-stock deal. The transaction is worth $186 million and the deal closed on Wednesday. It is FireEye’s second acquisition this year.
The strategic investment of both Blackstone and ClearSky is said “to support strategic growth initiatives…as well as increased investment to accelerate the growth of the company’s cloud, platform and managed services portfolio.” FireEye has already confirmed that it is using proceeds from the investment to help finance the Respond acquisition.
FireEye stock opened with a huge bullish gap today and tested local highs near $15.96. Price pulled back later, but gains still exceed 5% at press time. In case market bulls regain control again and manage to break above mentioned local highs, attention might shift towards pre-pandemic highs at $18.32. On the other hand, an upward trenline might serve as a support level should the current trend continue. Source: xStation5
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.