FireEye Inc. (FEYE) Trading Up 10.7%
Shares of FireEye Inc. (NASDAQ:FEYE) were up 10.7% on Thursday . The company traded as high as $18.39 and last traded at $18.25, with a volume of 8,989,442 shares traded. The stock had previously closed at $16.49.
A number of analysts have recently weighed in on FEYE shares. OTR Global raised shares of FireEye to a “positive” rating in a research note on Friday, April 22nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $19.00 price target on shares of FireEye in a research note on Monday, May 9th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of FireEye in a research note 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 target for the company in a research note on Wednesday, April 13th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $25.00 price target on shares of FireEye in a research note on Wednesday, June 8th. Fourteen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $27.62.
The stock has a 50 day moving average of $16.26 and a 200-day moving average of $16.10. The stock’s market capitalization is $3.01 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Thursday, May 5th. The information security company reported ($0.47) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.03. The company earned $168 million during the quarter, compared to the consensus estimate of $171.86 million. During the same period in the previous year, the firm posted ($0.48) EPS. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts anticipate that FireEye Inc. will post ($1.24) earnings per share for the current year.
In related news, CFO Michael J. Berry purchased 16,500 shares of the business’s stock in a transaction on Monday, May 9th. The shares were purchased at an average price of $12.84 per share, with a total value of $211,860.00. Following the completion of the purchase, the chief financial officer now owns 226,144 shares in the company, valued at approximately $2,903,688.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Kevin R. Mandia purchased 27,600 shares of the business’s stock in a transaction on Monday, May 16th. The stock was bought at an average cost 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 approximately $33,393,964.20. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of FireEye by 0.8% in the fourth quarter. Rhumbline Advisers now owns 130,929 shares of the information security company’s stock worth $2,715,000 after buying an additional 1,010 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of FireEye during the fourth quarter worth $2,909,000. Eaton Vance Management raised its position in shares of FireEye by 23.6% in the fourth quarter. Eaton Vance Management now owns 94,337 shares of the information security company’s stock worth $1,957,000 after buying an additional 18,000 shares during the last quarter. Trexquant Investment LP raised its position in shares of FireEye by 273.4% in the fourth quarter. Trexquant Investment LP now owns 182,200 shares of the information security company’s stock worth $3,779,000 after buying an additional 133,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of FireEye by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 251,357 shares of the information security company’s stock worth $5,214,000 after buying an additional 9,981 shares during the last quarter.
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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