Investors Buy Shares of FireEye Inc. (FEYE) on Weakness
Investors purchased shares of FireEye Inc. (NASDAQ:FEYE) on weakness during trading on Thursday. $15.63 million flowed into the stock on the tick-up and $8.50 million flowed out of the stock on the tick-down, for a money net flow of $7.13 million into the stock. Of all equities tracked, FireEye had the 21st highest net in-flow for the day. FireEye traded down ($0.02) for the day and closed at $14.92
Several research firms have issued reports on FEYE. Wedbush reissued a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of FireEye in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reissued a “positive” rating and issued a $35.00 price objective on shares of FireEye in a research report on Monday, May 2nd. Imperial Capital reissued an “outperform” rating and issued a $25.00 price objective on shares of FireEye in a research report on Wednesday, June 8th. Citigroup Inc. cut shares of FireEye from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $18.00 in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. cut shares of FireEye from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $15.00 in a research report on Friday, August 5th. Nineteen equities 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. The company currently has an average rating of “Hold” and an average target price of $25.12.
The stock’s market cap is $2.53 billion. The company’s 50 day moving average is $15.86 and its 200-day moving average is $16.14.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.06. During the same quarter in the prior year, the firm earned ($0.41) EPS. The firm earned $175 million during the quarter, compared to analysts’ expectations of $181.67 million. The firm’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts expect 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 business’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 sale, the executive vice president now 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 this link. Also, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was 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 approximately $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 FireEye Inc. (NASDAQ:FEYE) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.16% of FireEye worth $5,214,000 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.