FireEye Inc. (FEYE) Stock Price Up 6.4%
FireEye Inc. (NASDAQ:FEYE)’s share price rose 6.4% during mid-day trading on Thursday . The company traded as high as $15.54 and last traded at $15.28, with a volume of 6,083,401 shares changing hands. The stock had previously closed at $14.36.
FEYE has been the subject of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $18.00 target price (up previously from $16.00) on shares of FireEye in a research report on Friday, May 6th. Stifel Nicolaus decreased their target price on shares of FireEye from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, May 6th. Morgan Stanley reissued a “hold” rating and issued a $16.00 price target on shares of FireEye in a report on Friday, May 6th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $18.00 price target (down from $20.00) on shares of FireEye in a report on Saturday, May 7th. Finally, Nomura reissued a “buy” rating on shares of FireEye in a report on Sunday, May 8th. Nineteen 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $25.12.
The firm’s 50 day moving average is $15.57 and its 200 day moving average is $16.22. The company’s market capitalization is $2.58 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results 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 analysts’ expectations of $181.67 million. During the same quarter last year, the firm posted ($0.41) earnings per share. FireEye’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts expect that FireEye Inc. will post ($1.30) EPS for the current year.
In related news, 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 completion of the transaction, the executive vice president now directly owns 155,905 shares in the company, valued at $2,213,851. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was 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 of the company’s stock, valued at $5,517,653.79. 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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