FireEye, Inc. (FEYE) Sees Large Volume Increase
Shares of FireEye, Inc. (NASDAQ:FEYE) saw unusually-strong trading volume on Friday . Approximately 5,275,578 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 5,180,970 shares.The stock last traded at $15.99 and had previously closed at $15.77.
Several research analysts recently commented on FEYE shares. Vetr upgraded shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 target price on the stock in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $19.00 target price on shares of FireEye in a report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Evercore ISI set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $19.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. FireEye presently has a consensus rating of “Hold” and an average price target of $16.15.
The stock’s market cap is $2.92 billion. The company’s 50-day moving average price is $14.69 and its 200-day moving average price is $13.84.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. The firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.33) earnings per share. Equities research analysts predict that FireEye, Inc. will post ($0.21) EPS for the current year.
In other FireEye news, EVP Alexa King sold 69,884 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the sale, the executive vice president now directly owns 428,733 shares in the company, valued at $6,199,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FEYE. Bank of Montreal Can grew its stake in FireEye by 37.4% during 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after buying an additional 1,528 shares in the last quarter. US Bancorp DE grew its stake in FireEye by 271.0% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in FireEye by 15.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after buying an additional 1,252 shares in the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new stake in FireEye during the second quarter worth about $142,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
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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).