FireEye Inc. (FEYE) Trading 6.4% Higher
Shares of FireEye Inc. (NASDAQ:FEYE) traded up 6.4% during mid-day trading on Thursday . The stock traded as high as $15.54 and last traded at $15.28, with a volume of 6,083,401 shares traded. The stock had previously closed at $14.36.
Several analysts have issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $16.00 price objective (up previously from $13.00) on shares of FireEye in a research note on Wednesday, August 3rd. Imperial Capital reaffirmed an “outperform” rating and set a $25.00 price target on shares of FireEye in a research note on Wednesday, June 8th. Citigroup Inc. downgraded shares of FireEye from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $18.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. downgraded shares of FireEye from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $15.00 in a research note on Friday, August 5th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of FireEye in a research note on Friday, August 5th. Nineteen equities research 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 stock. 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 $15.65 and a 200-day moving average of $16.23. The company’s market capitalization is $2.58 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data 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. The business had revenue of $175 million for the quarter, compared to analysts’ expectations of $181.67 million. During the same period in the previous year, the business posted ($0.41) earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts forecast that FireEye Inc. will post ($1.30) earnings per share for the current year.
In related news, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,517,653.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John T. Mcgee sold 14,988 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was 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 disclosure for this sale can be found here.
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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