Hi all,
Anyone considering a Short on FireEye? For those of you not aware, this is a US based Cyber Security firm with customers worldwide who specialise in helping company protect themselves from Hacking.
However, on Wednesday they revealed that they themselves had been hacked and a bunch of their anti-hacking tools were stolen! The share price dropped immediately by 16% and has recovered a little bit since. However, I can't help but feel this isn't good for customer confidence and as the company doesn't have very good looking fundamentals, if it does lose customers (which I think likely) then I feel it could have a big impact on the company.
I guess the opposite position is that this will strengthen them in the long run and they become better at what they do?
cheers
Carey
