For our latest featured selection, I picked a true growth stock—small, little known, with great potential—involved in the Internet security field, explains Timothy Lutts, editor of Cabot Stock of the Month.

FireEye (FEYE) had its IPO last November, which means this company is still not known to most investors.

What exactly does FireEye do? According to the company, it “has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber-attacks.”

The company is located in California, but victims of hacking attacks are all over the world. Target is a prime example, but Walmart, Walgreens, and Nordstrom have all been victims, and demand is growing for solutions.

Simply put, firms and organizations are realizing their legacy security systems are laughably behind the times.

But FireEye is not yet profitable! For some investors, that’s a stopper, but not for me. The only reason the company isn’t profitable is that it isn’t trying to be! In fact, it’s projecting losses of roughly $2.00 per share in 2014.

Instead, FireEye is working to get bigger fast, while the opportunity is there, and it will worry about profitability later. (In that way, it’s like Amazon.com in the early days.)

Technically, the stock gapped higher in early January—jumping 39% in one day—when the company announced the acquisition of compute forensics specialist Mondiant.

That gap was followed by continued buying, which held through the release of an excellent fourth-quarter earnings report.

Now, after more than five weeks of base building, the breakout to new highs provides an excellent buying opportunity.

Summing it up, I see a healthy bull market (not young, but healthy), a very strong sector, a company that’s just beginning to be noticed by investors (and thus has the potential to be far better loved by far more investors), and a stock that’s broken out to new highs. Keeping it simple, I recommend buying here.

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