Cybersecurity company FireEye Inc forecast a bigger loss this year as it spends more on developing new products, sending its shares down as much as 10 percent in extended trading.The company uses cloud-based technologies to help businesses fight off sophisticated computer viruses that evade old-school anti-virus software made by companies such as Symantec Corp and Intel Corp's McAfee security division.Companies and governments are spending more on Internet security in the face of increasingly complex attacks by cyber-criminals, such as the data breach at U.S. retailer Target Corp that resulted in the theft of at least 40 million payment card numbers.FireEye also said it would acquire privately held nPulse Technologies for about $70 million. NPulse handles ultra-fast search and analysis of network traffic and helps customers detect and prevent data loss.
FireEye, Inc. invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. Shares of FEYE fell by 7.71% or $-3.1/share to $37.13. In the past year, the shares have traded as low as $33.30 and as high as $97.35. On average, 4117590 shares of FEYE exchange hands on a given day and today's volume is recorded at 6376617.
Target Corporation sells a range of assortment of general merchandise and food in its stores. Shares of TGT fell by 3.72% or $-2.23/share to $57.64. In the past year, the shares have traded as low as $54.66 and as high as $73.50. On average, 5909900 shares of TGT exchange hands on a given day and today's volume is recorded at 13322980.
Source
