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Pro Analysis

Buy cybersecurity stock FireEye due to its big upgrade cycle: Morgan Stanley

FireEye information analysts work at the company's office in Milpitas, California.
Beck Diefenbach | Reuters
FireEye information analysts work at the company's office in Milpitas, California.

Investors should buy FireEye shares because a survey of its customers points to robust sales ahead for the company, according to Morgan Stanley, which raised its rating on the security firm to overweight from equal-weight.

"FireEye is executing towards a comprehensive platform for detecting, blocking and remediating threats across multiple vectors and through multiple deployment options," analyst Melissa Franchi wrote in a note to clients Thursday. "This platform story centers around Helix and early data points around customer adoption are positive."