A rumor that it might be a purchase target for Cisco caused shares in cybersecurity company FireEye to spike Wednesday.
But when Cisco CEO John Chambers seemed to squash them during the company’s annual conference call, the shares fell.
The rumor seems to have appeared first on the SeekingAlpha site. The rumor was that FireEye would go for $9 billion.
FireEye’s stock surged up 5.23%, to $43.46 a share Wednesday morning.
When Chambers said during his annual call that he “wouldn’t bet” on such a purchase, the stock went down again.
In after hours trading FireEye was down to $42.05.
FireEye is a Milpitas, Calif.-based cybersecurity and threat prevention firm that’s become the go-to place for big companies hit by breaches. It was called in on both the Amazon, Sony, Chase, JP Morgan and Anthem insurance attacks, for example.
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