FireEye Inc. (FEYE) Trading Down 1.8%
FireEye Inc. (NASDAQ:FEYE)’s share price dropped 1.8% during mid-day trading on Friday . The stock traded as low as $16.16 and last traded at $16.26, with a volume of 4,284,100 shares trading hands. The stock had previously closed at $16.55.
FEYE has been the topic of several research reports. OTR Global raised shares of FireEye to a “positive” rating in a report on Friday, April 22nd. Barclays PLC reissued an “equal weight” rating and set a $19.00 price objective on shares of FireEye in a report on Monday, May 9th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $18.00 price objective (down from $20.00) on shares of FireEye in a report on Saturday, May 7th. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, April 13th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $25.00 price target on shares of FireEye in a report on Wednesday, June 8th. Fourteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.62.
The firm’s market capitalization is $2.70 billion. The stock’s 50 day moving average is $16.29 and its 200 day moving average is $16.33.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, May 5th. The information security company reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.03. The business had revenue of $168 million for the quarter, compared to analysts’ expectations of $171.86 million. During the same period in the previous year, the business posted ($0.48) earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities analysts expect that FireEye Inc. will post ($1.24) earnings per share for the current year.
In other news, President Kevin R. Mandia bought 27,600 shares of FireEye stock in a transaction dated Monday, May 16th. The stock was bought at an average price of $12.70 per share, for a total transaction of $350,520.00. Following the purchase, the president now owns 2,629,446 shares of the company’s stock, valued at $33,393,964.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Berry bought 16,500 shares of FireEye stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $12.84 per share, with a total value of $211,860.00. Following the purchase, the chief financial officer now directly owns 226,144 shares in the company, valued at approximately $2,903,688.96. The disclosure for this purchase can be found here.
Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in FireEye by 0.8% in the fourth quarter. Rhumbline Advisers now owns 130,929 shares of the information security company’s stock valued at $2,715,000 after buying an additional 1,010 shares during the period. California State Teachers Retirement System boosted its stake in FireEye by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 255,655 shares of the information security company’s stock valued at $5,302,000 after buying an additional 3,905 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in FireEye by 5.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 170,316 shares of the information security company’s stock valued at $3,532,000 after buying an additional 8,096 shares during the period. Dimensional Fund Advisors LP boosted its stake in FireEye by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 251,357 shares of the information security company’s stock valued at $5,214,000 after buying an additional 9,981 shares during the period. Finally, Eaton Vance Management boosted its stake in FireEye by 23.6% in the fourth quarter. Eaton Vance Management now owns 94,337 shares of the information security company’s stock valued at $1,957,000 after buying an additional 18,000 shares during the period.
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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