Microsoft Corporation (MSFT) & FireEye Inc (FEYE) Surged Tuesday: Here’s WhyAuthor: Muhammad NadeemLast Updated: March 12, 2020 Analysts recently updated their ratings on Microsoft Corporation and FireEye Inc . Shares of both firms surged in Tuesday’s trading session. On Wednesday morning Microsoft is trading up while FireEye is down slightly. Lets take look the companies’ updated ratings and latest moves.Microsoft Rating Reiterated By Jefferies Last week, Microsoft announced that it is selling its feature phone assets to FIH Mobile and Finland-based HMD Global Oy for $350 million. The deal will allow Nokia to return back to the mobile phone and tablet markets. Under the agreement, Microsoft will transfer all of its feature phone assets, including brands, software and services, care network and other assets, customer contracts, and critical supply agreements, to the two companies. The deal is expected to close in the second half of 2016.Analysts at Jefferies reiterated their ‘Sell’ rating on the company’s stock, with a price target of $40. Earlier, shares Microsoft were given ‘Outperform’ rating by analysts at Sanford C. Bernstein, with a $68 price target. Microsoft was given a ‘Hold’ rating with a $55 price target by Canaccord Genuity, according to Risers and Fallers.On Tuesday, Microsoft Corporation announced the 12 recipients of the Affordable Access Initiative grants. “Our partners will receive seed funding, as well as a range of resources, including mentorship and BizSpark tools like free software, services and tech support so they can scale up the great work they are already doing in their communities,” the company said in a statement.Shares of Microsoft were trading up 3.15% as of 3:58PM EDT. The stock has lost 8.36% year-to-date. The stock has the consensus recommendation of ‘Overweight’ and the consensus target price of $58.11 by 35 analysts.Recently, Microsoft announced that it teamed up with Chinese software publisher NetEase to sell its Minecraft game in China. The company also agreed to create a new version of Minecraft for the Chinese market.FireEye Announces Senior Management Succession PlanFireEye Inc (NASDAQ:FEYE) rose 8.00% in the today’s trading session. The company, which has a market cap of about $2.7 billion, is engaged in providing cybersecurity solution for detecting, preventing and resolving cyber-attacks.William Blair reiterated an ‘Outperform’ rating on FireEye, without providing a price target, according to Smarter Analyst.For the company’s stock, analysts have the consensus price target of $21.78. The consensus average recommendation is ‘Overweight.’For the first quarter ended March 31, FireEye reported a loss of $0.98 per share, versus a loss of $0.88 per share in the same quarter last year. Revenue was $168.0 million, a 34% year-over-year increase.In addition, FireEye announced that it implementing its senior management succession plan next June. The new changes will take effect on June 15.Under the plan, Chairman and CEO David DeWalt will move to the role of executive chairman. In this role, DeWalt will remain active in the company’s operations, working with the management team to increase adoption of the FireEye Threat Management Platform.DeWalt will be succeeded as CEO by Kevin Mandia, the current president of FireEye. Mandiant President Travis Reese will become president of FireEye, while Michael Berry will become COO in addition to his responsibilities as CFO.