Why the FireEye stock is plummeting today
Actions of FireEye (NASDAQ: FEYE), a cybersecurity company, fell during the session this morning after the company revealed on Tuesday that some of its security tools had been stolen as a result of a recent cyber attack.
the technological actions fell 12.6% and 11.3% Wednesday at 11:15 a.m. EST.
CEO Kevin Mandia said in a statement: “Recently we were attacked by a highly sophisticated threat actor whose discipline, operational security and techniques lead us to believe it was a sponsored attack. the state. ”
Mandia added that the attack “is unlike the tens of thousands of incidents we have responded to over the years.” The incident resulted in the theft of some of the company’s Red Team assessment tools, which are used to test the security of FireEye customers.
The company has released more than 300 countermeasures to help protect its customers, and management said it has so far seen no evidence that stolen tools have been used.
The company noted that “the attacker was mainly looking for information relating to certain government clients” and that he work with the FBI to investigate the incident.
As FireEye is a leading cybersecurity company, it’s no surprise investors weren’t thrilled to see the company suffered a cyberattack and some of its tools had been stolen. With today’s share price falling, the stock is down 16.7% year-to-date.
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