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Symantec Tried to Buy FireEye in 2016: Report
However, many investors also believe that FireEye’s customer base -- 5,000 companies across 67 countries
that include nearly half of the Forbes Global 2000 -- still makes it a lucrative buyout target for bigger end-to-end security players like Cisco (NASDAQ: CSCO) and Symantec.
Cybersecurity firm FireEye (NASDAQ: FEYE) reportedly ended buyout talks with Symantec (NASDAQ: SYMC) six months ago
due to disagreements about the final price, according to a Reuters report citing "people familiar with the matter."
FireEye is often considered a "best-in-breed" player for threat detection solutions,
but its stock is now more than 40% below its IPO price due to the company’s decelerating sales growth, sluggish transition from appliances to cloud services, and its non-existent GAAP profitability.
This new report about the aborted Symantec deal merely seems to simply confirm
that position -- so investors shouldn’t get too excited about a potential buyout yet.
The recent departures of several key executives -- including its CEO, CFO, and founder -- also raised serious doubts about the company’s future.
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and FireEye wasn’t one of them!
That time frame indicates that the FireEye talks occurred after Symantec announced its acquisition of BlueCoat for $4.7 billion,
but before it agreed to buy LifeLock for $2.3 billion.


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