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Jan. 2, 2014, 6:23 p.m. EST

FireEye surges on Mandiant acquisition

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By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) — FireEye Inc. shares jumped in the extended session Thursday after the security software firm said it acquired closely-held security firm Mandiant for about $1 billion.

Shares of FireEye /zigman2/quotes/204730283/composite FEYE +1.20%  surged nearly 22% to $50.20 on moderate volume following the announcement.

Mandiant is known for releasing a report last year that focused on a group of elite hackers in China.

Resources Connection Inc.  rose 5.3% to $15 on light volume after the consulting firm reported fiscal second-quarter 18 cents a share on revenue of $146 million. Analysts surveyed by FactSet expected 15 cents a share on revenue of $138.5 million.

Landec Corp. /zigman2/quotes/202795542/composite LNDC +4.08%  shares fell 3.1% to $11.65 on light volume after the packaging company’s second-quarter revenue fell short of Wall Street expectations.

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Apple, H-P lead weak day for tech stocks

/zigman2/quotes/204730283/composite
US : U.S.: Nasdaq
$ 12.26
+0.15 +1.20%
Volume: 2.79M
July 6, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.70 billion
Rev. per Employee
$259,672
loading...
/zigman2/quotes/202795542/composite
US : U.S.: Nasdaq
$ 7.90
+0.31 +4.08%
Volume: 163,757
July 6, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$221.49 million
Rev. per Employee
$760,534
loading...

Wallace Witkowski is a MarketWatch news editor in San Francisco. Follow him on Twitter @wmwitkowski.

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