Shares of cybersecurity company FireEye, Inc. (FEYE, Financial) fell on reports of a disappointing third quarter and reduced fourth quarter financial expectations. Several executive departures also led to selling pressure. FireEye is shifting its focus from incident-driven sales to a more holistic risk mitigation approach that we believe will help stabilize results. We believe the trend of increasing cyberattack activity, despite ebbs and flows, is here to stay and that FireEye will be a beneficiary. We think FireEye also enjoys a lead over competition through its incident response service. (Gilad Shany)
From the Baron Funds Opportunity Fund fourth quarter 2015 commentary.
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