Down 70% in 5 Years: Is FireEye’s Stock Finally Bottoming Out?
FireEye's (NASDAQ: FEYE) stock tumbled more than 70% over the past five years as the cybersecurity company's growth slowed to a crawl. However, contrarian investors might still consider FireEye a deep value play, since the stock trades at roughly half its IPO price of $20 and just over two times its annual revenue. Let's dig deeper to see if this battered cybersecurity stock is finally bottoming out.
FireEye was firing on all cylinders after its IPO in late 2013. Its threat detection tools received numerous accolades and awards, and it benefited from a surge in demand for cybersecurity services following a series of high-profile data breaches.
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Source Fool.com
