Cybersecurity firm FireEye spikes after reportedly hiring Goldman Sachs for a potential sale (FEYE)

markets.businessinsider.com | 10/2/2019 | Staff
tiazannetiazanne (Posted by) Level 3
Cybersecurity firm FireEye skyrocketed as much as 11% after sources told Business Insider it hired Goldman Sachs to advise the company on a potential sale.

The jump came amid broad losses across major US indexes, which fell roughly 2% on negative economic data and reignited recession fears.

Company - Firms - Buyers - Sources

The company is eyeing private-equity firms as the most likely buyers, the sources said.

FireEye is still down more than 30% since its 2013 initial public offering.

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Watch FireEye trade live here.

Cybersecurity company FireEye soared as much as 11% after sources told Business Insider the firm is tapping Goldman Sachs for a potential sale.

Goldman - FireEye - Deal - Sources - Reporters

Goldman has been approached to advise FireEye in a possible deal, two sources told reporters Bradley Saacks and Casey Sullivan. The company is eyeing private-equity firms as the most likely buyers, but talks are in early stages and there is no certainty a sale will take place, the sources added.

The Silicon Valley firm has struggled since its 2013 initial public offering, and is still down roughly 30% since the offering despite Wednesday's gains.

FireEye

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