FireEye Inc. (FEYE) Trading 3.4% Higher
FireEye Inc. (NASDAQ:FEYE) shares traded up 3.4% during mid-day trading on Friday . The company traded as high as $15.47 and last traded at $15.35, with a volume of 4,715,175 shares changing hands. The stock had previously closed at $14.85.
FEYE has been the subject of a number of recent research reports. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, August 10th. Imperial Capital cut shares of FireEye from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $25.00 to $15.00 in a research note on Tuesday, August 9th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 price objective (down from $16.00) on shares of FireEye in a research note on Friday, August 5th. Wells Fargo & Co. reissued a “market perform” rating and set a $15.00 price objective (down from $16.50) on shares of FireEye in a research note on Friday, August 5th. Finally, Goldman Sachs Group Inc. dropped their price objective on shares of FireEye from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Nineteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.12.
The firm has a 50 day moving average of $15.97 and a 200-day moving average of $16.10. The company’s market capitalization is $2.62 billion.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. The company earned $175 million during the quarter, compared to analyst estimates of $181.67 million. During the same quarter in the prior year, the company posted ($0.41) EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that FireEye Inc. will post ($1.30) earnings per share for the current fiscal year.
In other FireEye news, President Travis M. Reese sold 2,466 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total value of $34,992.54. Following the transaction, the president now owns 388,841 shares in the company, valued at approximately $5,517,653.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John T. Mcgee sold 14,988 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total transaction of $212,829.60. Following the completion of the transaction, the executive vice president now owns 155,905 shares in the company, valued at approximately $2,213,851. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in FireEye stock. Eaton Vance Management increased its stake in shares of FireEye Inc. (NASDAQ:FEYE) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,337 shares of the information security company’s stock after buying an additional 18,000 shares during the period. Eaton Vance Management owned approximately 0.06% of FireEye worth $1,957,000 as of its most recent filing with the SEC.
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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