FireEye: CFO Change Provides Opportunity
- FireEye announced a new CFO who is expected to join the company on September 21.
- The stock has failed to keep up with industry peers in a large part due to a lack of financial discipline.
- Investors should keep an eye on the company with an opportunity to scoop up cheap shares if the new CFO can keep growth and instill discipline.
The hiring of a new CFO is a big step forward for FireEye (NASDAQ:FEYE). Normally, the abrupt exit of a CFO is a major red flag, but the hiring of a replacement doesn't garner much interest. Due to the unique situation of the cybersecurity stock and frustrations over financial discipline, this hiring has more than the normal relevance.
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