FireEye Inc. (FEYE) Trading Down 4.2%
FireEye Inc. (NASDAQ:FEYE)’s share price was down 4.2% during mid-day trading on Friday . The company traded as low as $17.08 and last traded at $17.33, with a volume of 5,837,484 shares. The stock had previously closed at $18.09.
A number of equities analysts have recently issued reports on FEYE shares. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, April 13th. OTR Global raised shares of FireEye to a “positive” rating in a research note on Friday, April 22nd. Oppenheimer Holdings Inc. reissued a “positive” rating and set a $35.00 price target on shares of FireEye in a research note on Monday, May 2nd. Wedbush reissued a “neutral” rating and set a $18.00 price target (up from $16.00) on shares of FireEye in a research note on Friday, May 6th. Finally, Stifel Nicolaus dropped their price target on shares of FireEye from $45.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 6th. Fourteen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.62.
The company’s market cap is $2.90 billion. The firm’s 50-day moving average is $16.32 and its 200 day moving average is $16.11.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, May 5th. The information security company reported ($0.47) earnings per share for the quarter, beating the 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. The business’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, equities research analysts predict that FireEye Inc. will post ($1.24) EPS for the current fiscal year.
In related news, CFO Michael J. Berry acquired 16,500 shares of the stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $12.84 per share, for a total transaction of $211,860.00. Following the purchase, the chief financial officer now directly owns 226,144 shares of the company’s stock, valued at approximately $2,903,688.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Kevin R. Mandia acquired 27,600 shares of the stock in a transaction dated Monday, May 16th. The stock was bought at an average price of $12.70 per share, with a total value of $350,520.00. Following the purchase, the president now directly owns 2,629,446 shares in the company, valued at $33,393,964.20. The disclosure for this purchase can be found here.
A number of hedge funds have made changes to their positions in the stock. Eaton Vance Management raised its stake 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 period. Rhumbline Advisers raised its stake 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 period. Atlantic Trust Group LLC acquired a new stake in shares of FireEye during the fourth quarter worth approximately $2,909,000. Trexquant Investment LP raised its stake 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 period. Finally, Dimensional Fund Advisors LP raised its stake 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 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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