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    FEYE   US31816Q1013

FIREEYE, INC.

(FEYE)
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Ransomware Is an Intolerable Situation Affecting All Sectors, FireEye CEO Says -- Update

06/02/2021 | 11:06am EDT

By WSJ Staff

No sector or nation is untouched by ransomware attackers, Kevin Mandia, chief executive of cybersecurity firm FireEye Inc., said Wednesday.

"Pharmaceuticals, hospitals, healthcare, public companies, organizations that don't have the talent and skills to defend themselves -- they're getting sucker punched," Mr. Mandia said during the WSJ Pro Cybersecurity Executive Forum.

He added that hackers target public companies because they are more likely to pay a ransom rather than go public with the attack. Ransomware has become an intolerable situation, he said.

A ransomware attack on meat processor JBS SA is the latest incident showing how cyber hacks of major companies can ripple across the world. The meatpacker took a big chunk of U.S. beef-and-pork processing offline, sending buyers scrambling for alternatives and raising pressure on meat supplies.

The White House on Tuesday said the attack was part of a ransomware campaign by a criminal group that is likely based in Russia.

A May 7 ransomware attack on Colonial Pipeline Co. led to a six-day shutdown of the East Coast's largest conduit for fuel, sparking scrutiny of pipeline security and pushing the Department of Homeland Security to prepare to issue first-of-their-kind cybersecurity regulations for the sector.

Colonial paid a $4.4 million ransom to get code to unlock its data and systems but the decryption tool wasn't fully successful.

When industrial companies' technology systems are attacked, they may pause operations to prevent hackers from reaching tools that control physical systems, such as manufacturing machinery and pipeline sensors. This so-called operational technology is often customized for businesses, making it difficult to restore, and is central to their bottom lines, cybersecurity experts say.

A hack of such systems could snarl tools used to coordinate distribution or facilitate sales to customers, said Ron Brash, director of cybersecurity insights at cybersecurity firm Verve Industrial.

(MORE TO COME)

(END) Dow Jones Newswires

06-02-21 1306ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.24% 35144.31 Delayed Quote.14.56%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.22% 161.85 End-of-day quote.15.20%
FIREEYE, INC. 0.34% 20.53 Delayed Quote.-11.27%
JBS S.A. 2.54% 31.44 End-of-day quote.32.88%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.28% 123.1 End-of-day quote.7.57%
RIPPLE (XRP/BTC) 0.00% 1.7E-5 Real-time Quote.112.50%
RIPPLE (XRP/EUR) 3.18% 0.52856 Real-time Quote.187.78%
RIPPLE - UNITED STATES DOLLAR 3.48% 0.62444 Real-time Quote.176.75%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.25% 73.7175 Delayed Quote.0.17%
All news about FIREEYE, INC.
07/16FIREEYE : Mizuho Securities Adjusts FireEye's Price Target to $21 from $23, Keep..
MT
07/12FIREEYE : Appoints Erin Joe as SVP of Strategy and Alliances
BU
07/12FireEye, Inc. Appoints Erin Joe as Senior Vice President of Strategy and Alli..
CI
07/12FIREEYE : to Announce Second Quarter 2021 Financial Results on August 5, 2021 | ..
AQ
07/09FIREEYE : to Announce Second Quarter 2021 Financial Results on August 5, 2021
BU
07/08FIREEYE : Barclays Adjusts FireEye's Price Target to $20 from $22, Keeps Underwe..
MT
07/04FIREEYE : White House reaching out with assistance to latest ransomware victims
RE
06/22FIREEYE : The Washington Post Names FireEye a 2021 Top Washington-Area Workplace
BU
06/15FIREEYE : Mandiant Introduces On-Demand Cyber Intelligence Training | FireEye
AQ
06/15FIREEYE : Mandiant Introduces On-Demand Cyber Intelligence Training
BU
More news
Financials (USD)
Sales 2021 1 022 M - -
Net income 2021 -175 M - -
Net cash 2021 600 M - -
P/E ratio 2021 -28,2x
Yield 2021 -
Capitalization 4 842 M 4 842 M -
EV / Sales 2021 4,15x
EV / Sales 2022 3,88x
Nbr of Employees 3 400
Free-Float 97,1%
Chart FIREEYE, INC.
Duration : Period :
FireEye, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends FIREEYE, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 20,53 $
Average target price 22,33 $
Spread / Average Target 8,78%
EPS Revisions
Managers and Directors
Kevin R. Mandia Chief Executive Officer & Director
John P. Watters President & Chief Operating Officer
Frank E. Verdecanna EVP, Chief Financial & Accounting Officer
Enrique T. Salem Chairman
Dave Baumgartner Chief Information Officer & Executive VP
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