FireEye Inc. (FEYE) Trading 3.4% Higher
FireEye Inc. (NASDAQ:FEYE) shares traded up 3.4% on Friday . The stock traded as high as $15.47 and last traded at $15.35, with a volume of 4,715,175 shares traded. The stock had previously closed at $14.85.
Several research analysts have weighed in on the company. Wedbush reissued a “neutral” rating and issued a $18.00 price objective (up previously from $16.00) on shares of FireEye in a research report on Friday, May 6th. Pacific Crest reissued a “hold” rating on shares of FireEye in a research report on Sunday, May 22nd. Morgan Stanley reissued a “hold” rating and issued a $16.00 price objective on shares of FireEye in a research report on Friday, May 6th. Citigroup Inc. cut FireEye from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $18.00 in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. cut FireEye from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $15.00 in a research report on Friday, August 5th. Nineteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. FireEye has an average rating of “Hold” and a consensus price target of $25.12.
The firm has a 50 day moving average of $16.00 and a 200-day moving average of $16.10. The firm’s market capitalization is $2.63 billion.
FireEye (NASDAQ:FEYE) last issued its earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. During the same period last year, the firm posted ($0.41) earnings per share. The firm earned $175 million during the quarter, compared to the consensus estimate of $181.67 million. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that FireEye Inc. will post ($1.30) earnings per share for the current year.
In other news, EVP John T. Mcgee sold 14,988 shares of FireEye stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.20, for a total value of $212,829.60. Following the sale, the executive vice president now directly owns 155,905 shares of the company’s stock, valued at $2,213,851. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Travis M. Reese sold 2,466 shares of FireEye stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total value of $34,992.54. Following the completion of the sale, the president now directly owns 388,841 shares in the company, valued at $5,517,653.79. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of FEYE. Marco Investment Management LLC boosted its stake in shares of FireEye by 19.3% in the fourth quarter. Marco Investment Management LLC now owns 268,200 shares of the information security company’s stock valued at $5,562,000 after buying an additional 43,400 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $5,214,000 after buying an additional 9,981 shares during the period. Finally, Eaton Vance Management boosted 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 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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