Rumor: FireEye Targeted By Cisco, But Similar Past Reports Have Come Up Empty

Shares of FireEye Inc (NASDAQ: FEYE) were trading lower by more than 3 percent on Tuesday, but quickly erased nearly all losses and was trading higher by more than 3 percent following unconfirmed market chatter that the company is being eyed as an acquisition target by Cisco Systems, Inc. (NASDAQ: CSCO).

$FEYE Hearing Takeover chatter out there coming from DealReporter mentioning CSCO as suitor. Unconfirmed.

— Open Outcrier (@OpenOutcrier) February 2, 2016

Investors and traders should take note that FireEye's name has been mentioned many times in the past as a potential takeover target. Wall Street analysts expressed mixed views when similar rumors surfaced in the past, and ultimately no acquisition was announced.