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Here's Why FireEye (FEYE) Stock Is Soaring Today

Shares of network security company FireEye FEYE are up nearly 11.5% on Thursday after new speculation about a possible takeover, as well as the widely publicized DNC hacks bringing cybersecurity into the national spotlight once again.

FireEye has been the subject of takeover rumors for some time now, and although there doesn’t seem to be any new reports right now, today’s price action has investors talking once again. At Wednesday’s closing price of $16.49, shares were down over 83% from an all-time high of $97.35 reached in March of 2014.

According to a Bloomberg report from June, FireEye has recently rebuffed two separate buyout offers, including one from Symantec Corp. SYMC. Despite shares trading near their 52-week low of $11.35, FireEye apparently felt that both offers were too low. Symantec would later go on to boost its cybersecurity suite by purchasing Blue Coat Inc. for $4.65...


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