Why FireEye, Inc. Stock Rose 13.5% in September

Shares of FireEye Inc. (NASDAQ: FEYE) climbed 13.5%% in September, according to data from S&P Global Market Intelligence, as the recent massive security breach at Equifax (NYSE: EFX) highlighted the merits of its next-gen cybersecurity solutions.

FireEye stocked climbed nearly 7% on Sept. 7, 2017 alone -- the same day Equifax disclosed a data breach that we now know exposed the sensitive personal information of nearly 146 million Americans. In the days following the announcement, news emerged that Equifax had brought in the incident response team of FireEye subsidiary Mandiant to investigate both the recent breach, which was first discovered on July 29, and a previous security incident involving payroll-related services in March.

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Source: Fool.com