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Analysts Chasing Up Targets on FireEye, Shopify and Paycom

Over two-thirds of the S&P 500 have reported earnings so far this season, and needless to say it has been a strong showing thus far. Apple has helped to push the Dow above the 22,000 mark, following its incredible earnings report and the analyst outpouring after the fact. However, analysts are not entirely focusing on Apple. There are a few companies that might have been overlooked.

247 Wall St. has picked out a few of the best-performing stocks that reported on Tuesday and we’ve included what analysts are saying about each of these firms.

FireEye Inc. (NASDAQ: FEYE) released its most recent quarterly results late on Tuesday, and the firm said that it had a net loss of $0.04 per share and $185.5 million in revenue. Although a loss might look bad on the surface, these results beat out Thomson Reuters consensus estimates of a net loss of $0.12 per share and $176.43 million in revenue.

Merrill Lynch was one of the most positive firms so far on FireEye with a reiterated Buy rating and $18 price objective. Its investment rationale now states:

FireEye’s stock offers a unique buying opportunity given a combination of ultra-low expectations, low valuation, plethora of new solutions and recent sales leadership refresh. We believe the Street under appreciates the quality of FireEye’s management, its recovery strategy and the quality of its technology and solutions that could drive growth in...


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