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FireEye (FEYE) Stock Gains on 'Buy' Rating from D.A. Davidson

NEW YORK (TheStreet) -- D.A. Davidson initiated coverage of FireEye (FEYE - Get Report) on Friday, setting a "buy" rating and a $51 price target for the network security company.

Shares of FireEye were gaining 1.6% to $30.39 in morning trading.

D.A. Davidson said it expects FireEye to report a loss of $1.69 a share for full year 2015, and a loss of $1.35 a share for full year 2016.

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The analyst firm sees a number of potential catalysts for FireEye over the next several months, adding that its macro risks may not be fully appreciated.

"These include potential product growth reacceleration, continued market penetration with FEYE's endpoint solution, more market awareness and traction with strategic partners (i.e. Visa), and demonstrable progress with operating leverage and a defined path to generating positive cash flow," D.A. Davidson analysts wrote. "Potential challenges investors should be cognizant of include changes in the competitive landscape, and overall company...