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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.

Read the full article on Seeking Alpha.

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