We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FireEye Boosts Incident Response With New Mandiant Services
Read MoreHide Full Article
FireEye, Inc. recently introduced two new FireEye Mandiant services — Purple Team and Continuous Purple Team Assessments. These services will enable organizations to evaluate their security programs against attack scenarios simulated by Verodin Security Instrumentation Platform.
Reportedly, Purple Team Assessments combine the best offense and defense practices and help organizations quantify their security effectiveness and improve risk position.
Purple team assessments are a collaborative effort among the red teams that simulate attacks and blue teams that defend against the attacks. Mandiant experts function as the red team and supplement a company’s blue team.
The Continuous Purple Team Assessments is an offering wherein an organization’s security team can train and improve its detection and response capabilities over a period of three to six months while Mandiant experts use the Verodin platform to execute attacker tools, tactics and procedures.
Without testing the efficacy of security controls, security teams may base their decisions on assumptions, which can hamper their ability to detect and respond to a security breach.
Last year, Gemalto concluded from its research that businesses differ in their capability to study data that has been collected. About 65% responders don’t have the proper resources to analyze data and therefore are unable to do so.
Moreover, about 50% of IT professionals say perimeter security is effective in protecting their networks. However, most of them believe unauthorized users can access their corporate networks.
One of the biggest reasons for a company to invest in incident response is to avoid costs related to breaches of sensitive data. Potential costs of a security breach are increasing day by day. Per Cybersecurity Ventures, the estimated costs related to cybercrime damages are expected to reach $6 trillion by 2021. The costs include upgrading IT infrastructure and paying legal fees and government fines.
These statistics highlight the bright prospects of FireEye’s solid incident response services. In the last reported quarter, revenues from FireEye’s Mandiant Professional Services jumped 15% from the year-ago quarter to $46 million.
Competitive Position
With growing incidents and importance of incident response, security vendors and other companies are upping their efforts in this space.
For instance, recently, Nerds On Site — a mobile IT solutions company — launched its CyberSecurity Incident Response to address cyberattacks with minimal damage, recovery time and cost.
Moreover, IBM’s (IBM - Free Report) X-Force, its IT security and incident response division, is managed out of five global round-the-clock SOCs.
Nonetheless, with strong expertise and client portfolio, FireEye is poised to maintain its position in the incident response space.
Notably, FireEye's Purple Team service offering is witnessing growing adoption and has already been adopted by big companies, including a Fortune 500 healthcare company.
Zacks Rank & Stocks to Consider
FireEye currently carries a Zacks Rank of #3 (Hold).
Long-term earnings growth rate for Alteryx and Five9 is currently pegged at 17.62% and 10%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
FireEye Boosts Incident Response With New Mandiant Services
FireEye, Inc. recently introduced two new FireEye Mandiant services — Purple Team and Continuous Purple Team Assessments. These services will enable organizations to evaluate their security programs against attack scenarios simulated by Verodin Security Instrumentation Platform.
Reportedly, Purple Team Assessments combine the best offense and defense practices and help organizations quantify their security effectiveness and improve risk position.
Purple team assessments are a collaborative effort among the red teams that simulate attacks and blue teams that defend against the attacks. Mandiant experts function as the red team and supplement a company’s blue team.
The Continuous Purple Team Assessments is an offering wherein an organization’s security team can train and improve its detection and response capabilities over a period of three to six months while Mandiant experts use the Verodin platform to execute attacker tools, tactics and procedures.
FireEye, Inc. Price and Consensus
FireEye, Inc. price-consensus-chart | FireEye, Inc. Quote
Need for Incident Response
Without testing the efficacy of security controls, security teams may base their decisions on assumptions, which can hamper their ability to detect and respond to a security breach.
Last year, Gemalto concluded from its research that businesses differ in their capability to study data that has been collected. About 65% responders don’t have the proper resources to analyze data and therefore are unable to do so.
Moreover, about 50% of IT professionals say perimeter security is effective in protecting their networks. However, most of them believe unauthorized users can access their corporate networks.
One of the biggest reasons for a company to invest in incident response is to avoid costs related to breaches of sensitive data. Potential costs of a security breach are increasing day by day. Per Cybersecurity Ventures, the estimated costs related to cybercrime damages are expected to reach $6 trillion by 2021. The costs include upgrading IT infrastructure and paying legal fees and government fines.
These statistics highlight the bright prospects of FireEye’s solid incident response services. In the last reported quarter, revenues from FireEye’s Mandiant Professional Services jumped 15% from the year-ago quarter to $46 million.
Competitive Position
With growing incidents and importance of incident response, security vendors and other companies are upping their efforts in this space.
For instance, recently, Nerds On Site — a mobile IT solutions company — launched its CyberSecurity Incident Response to address cyberattacks with minimal damage, recovery time and cost.
Moreover, IBM’s (IBM - Free Report) X-Force, its IT security and incident response division, is managed out of five global round-the-clock SOCs.
Nonetheless, with strong expertise and client portfolio, FireEye is poised to maintain its position in the incident response space.
Notably, FireEye's Purple Team service offering is witnessing growing adoption and has already been adopted by big companies, including a Fortune 500 healthcare company.
Zacks Rank & Stocks to Consider
FireEye currently carries a Zacks Rank of #3 (Hold).
A few top-ranked stocks in the broader technology sector are Alteryx, Inc. and Five9, Inc. (FIVN - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Alteryx and Five9 is currently pegged at 17.62% and 10%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>