Traders Buy 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 companies 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
FEYE has been the topic of a number of recent research reports. William Blair restated a “buy” rating on shares of FireEye in a report on Tuesday, May 24th. Piper Jaffray Cos. restated a “buy” rating on shares of FireEye in a report on Sunday, May 8th. Nomura restated a “buy” rating on shares of FireEye in a report on Sunday, May 8th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $18.00 price objective (down previously from $20.00) on shares of FireEye in a report on Saturday, May 7th. Finally, Stifel Nicolaus cut their price objective on shares of FireEye from $45.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 6th. Nineteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.12.
The firm’s market capitalization is $2.47 billion. The company’s 50-day moving average is $15.82 and its 200-day moving average is $16.16.
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 consensus estimate of ($0.39) by $0.06. The business had revenue of $175 million for the quarter, compared to analyst estimates of $181.67 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that FireEye Inc. will post ($1.30) EPS for the current fiscal year.
In related news, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction 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 completion of the transaction, the president now directly 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 is accessible through the SEC website. Also, EVP John T. Mcgee sold 14,988 shares of the business’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 completion of the transaction, the executive vice president now owns 155,905 shares of the company’s stock, valued at $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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