Published On: Thu, Sep 15th, 2016

FireEye Inc. (FEYE) Stock Price Down 2.6%

FireEye Inc. (NASDAQ:FEYE) shares dropped 2.6% during trading on Wednesday . The stock traded as low as $14.00 and last traded at $14.04, with a volume of 3,108,711 shares. The stock had previously closed at $14.41.
FEYE has been the topic of several analyst reports. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of FireEye in a research note on Friday, August 5th. William Blair reiterated a “buy” rating on shares of FireEye in a report on Tuesday, May 24th. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, August 10th. Nomura reiterated a “buy” rating and issued a $22.50 price target on shares of FireEye in a report on Thursday, September 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 price target (down previously from $16.00) on shares of FireEye in a report on Friday, August 5th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have issued 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 $24.88.
The firm has a 50-day moving average of $15.25 and a 200-day moving average of $16.25. The firm’s market capitalization is $2.38 billion.

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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 consensus estimate of ($0.39) by $0.06. The company earned $175 million during the quarter, compared to analysts’ expectations of $181.67 million. FireEye had a negative return on equity of 46.11% and a negative net margin of 81.76%. FireEye’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the business earned ($0.41) earnings per share. Analysts anticipate that FireEye Inc. will post ($1.30) earnings per share for the current fiscal year.
In other news, 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 value of $34,992.54. Following the completion of the sale, the president now directly owns 388,841 shares in the company, valued at $5,517,653.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $212,829.60. Following the completion of the sale, 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. 9.60% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Seven Eight Capital LLC boosted its stake in FireEye by 1.3% in the second quarter. Seven Eight Capital LLC now owns 22,804 shares of the information security company’s stock worth $376,000 after buying an additional 300 shares during the period. Legal & General Group Plc boosted its stake in FireEye by 3.9% in the second quarter. Legal & General Group Plc now owns 11,377 shares of the information security company’s stock worth $188,000 after buying an additional 423 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in FireEye by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,619 shares of the information security company’s stock worth $570,000 after buying an additional 431 shares during the period. Investors Capital Advisory Services boosted its stake in FireEye by 5.0% in the second quarter. Investors Capital Advisory Services now owns 13,902 shares of the information security company’s stock worth $228,000 after buying an additional 659 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in FireEye by 6.8% in the second quarter. Principal Financial Group Inc. now owns 13,999 shares of the information security company’s stock worth $231,000 after buying an additional 891 shares during the period. Institutional investors and hedge funds own 52.39% of the company’s stock.
FireEye Company Profile
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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