The Sony hack gave FireEye a boost, but FEYE has other problems.
In the wake of this month’s international political scandal involving Sony Corp (SNE) and the release of its newest cinematic farce,The Interview, FireEye Inc (FEYE) has seen a dramatic boost in share price.
FireEye stock jumped nearly 21% last week as fallout from the cyberattack left both the movie studio and the FBI scrambling. Investors saw an opportunity to take advantage of the turmoil by sinking money into FEYE and other cybersecurity companies such as Proofpoint Inc (PFPT), anticipating a rush for better protection systems.