Short Interest in FireEye, Inc. (NASDAQ:FEYE) Increases By 5.4%
FireEye, Inc. (NASDAQ:FEYE) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 30,785,758 shares, an increase of 5.4% from the July 14th total of 29,203,359 shares. Currently, 18.4% of the shares of the stock are short sold. Based on an average daily volume of 5,541,702 shares, the days-to-cover ratio is currently 5.6 days.
FEYE has been the subject of several research reports. Barclays PLC reaffirmed an “equal weight” rating and set a $14.00 price objective (up from $10.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. BidaskClub cut FireEye from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Wedbush lifted their price objective on FireEye from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.97.
FireEye (NASDAQ FEYE) opened at 13.89 on Friday. The firm’s market cap is $2.53 billion. The company has a 50-day moving average price of $15.23 and a 200-day moving average price of $13.51. FireEye has a one year low of $10.35 and a one year high of $16.40.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same period in the prior year, the business posted ($0.33) earnings per share. FireEye’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that FireEye will post ($0.21) earnings per share for the current fiscal year.
In related news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its position in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the period. Sigma Planning Corp bought a new position in FireEye during the first quarter worth $132,000. US Bancorp DE increased its position in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after buying an additional 7,788 shares during the period. TRUE Private Wealth Advisors increased its position in FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock worth $142,000 after buying an additional 1,400 shares during the period. Finally, Fortaleza Asset Management Inc. bought a new position in FireEye during the second quarter worth $142,000. 67.16% of the stock is currently owned by institutional investors and hedge funds.
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FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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