FireEye Inc. (FEYE) Trading Down 2.5%
FireEye Inc. (NASDAQ:FEYE)’s share price dropped 2.5% during trading on Monday . The stock traded as low as $15.00 and last traded at $15.05, with a volume of 2,036,787 shares. The stock had previously closed at $15.44.
FEYE has been the topic of several recent analyst reports. Wunderlich cut shares of FireEye from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $15.00 in a research report on Friday, August 5th. Piper Jaffray Cos. reissued a “buy” rating and set a $17.00 target price (down previously from $20.00) on shares of FireEye in a research report on Friday, August 5th. BTIG Research reaffirmed a “buy” rating and issued a $20.00 price target (down previously from $24.00) on shares of FireEye in a report on Monday, May 9th. Oppenheimer Holdings Inc. reaffirmed a “positive” rating and issued a $35.00 price target on shares of FireEye in a report on Monday, May 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $19.00 price target on shares of FireEye in a report on Monday, May 9th. Nineteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. FireEye currently has an average rating of “Hold” and a consensus target price of $25.12.
The stock’s market capitalization is $2.59 billion. The company’s 50-day moving average is $15.97 and its 200 day moving average is $16.10.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm had revenue of $175 million for the quarter, compared to the consensus estimate of $181.67 million. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that FireEye Inc. will post ($1.30) EPS for the current year.
In other news, EVP John T. Mcgee sold 14,988 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 155,905 shares in the company, valued at approximately $2,213,851. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Travis M. Reese sold 2,466 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total transaction of $34,992.54. Following the sale, the president now owns 388,841 shares in the company, valued at $5,517,653.79. The disclosure for this sale can be found here.
An institutional investor recently raised its position in FireEye stock. Dimensional Fund Advisors LP increased its stake in shares of FireEye Inc. (NASDAQ:FEYE) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,357 shares of the information security company’s stock after buying an additional 9,981 shares during the period. Dimensional Fund Advisors LP owned 0.16% of FireEye worth $5,214,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.