The stock of FireEye Inc (NASDAQ:FEYE) is a huge mover today! About 939,472 shares traded hands. FireEye Inc (NASDAQ:FEYE) has declined 28.34% since April 26, 2016 and is downtrending. It has underperformed by 33.60% the S&P500.
The move comes after 5 months positive chart setup for the $2.15 billion company. It was reported on Nov, 29 by Barchart.com. We have $14.04 PT which if reached, will make NASDAQ:FEYE worth $193.50 million more.
Analysts await FireEye Inc (NASDAQ:FEYE) to report earnings on February, 9. They expect $-0.49 earnings per share, up 32.88% or $0.24 from last year’s $-0.73 per share. After $-0.46 actual earnings per share reported by FireEye Inc for the previous quarter, Wall Street now forecasts 6.52% negative EPS growth.
FireEye Inc (NASDAQ:FEYE) Ratings Coverage
Out of 27 analysts covering Fireeye Inc (NASDAQ:FEYE), 9 rate it a “Buy”, 2 “Sell”, while 16 “Hold”. This means 33% are positive. Fireeye Inc has been the topic of 67 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 5 by Wunderlich. On Tuesday, December 8 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Neutral” rating on Wednesday, March 9 by Wedbush. Stifel Nicolaus maintained FireEye Inc (NASDAQ:FEYE) rating on Thursday, November 5. Stifel Nicolaus has “Buy” rating and $45 price target. The stock of FireEye Inc (NASDAQ:FEYE) earned “Sell” rating by Goldman Sachs on Tuesday, November 22. The firm has “Equal-Weight” rating given on Wednesday, March 9 by Barclays Capital. As per Wednesday, March 9, the company rating was maintained by Morgan Stanley. As per Friday, October 9, the company rating was downgraded by Dougherty & Company. The firm has “Neutral” rating by UBS given on Friday, March 11. Imperial Capital maintained the shares of FEYE in a report on Friday, January 22 with “Outperform” rating.
According to Zacks Investment Research, “FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.12, from 1.08 in 2016Q1. The ratio dropped, as 55 funds sold all FireEye Inc shares owned while 77 reduced positions. 48 funds bought stakes while 95 increased positions. They now own 84.94 million shares or 9.54% more from 77.54 million shares in 2016Q1.
Cqs Cayman Lp, a Cayman Islands-based fund reported 60,800 shares. The California-based Falcon Point Cap Ltd Limited Liability Company has invested 1.34% in FireEye Inc (NASDAQ:FEYE). Invesco Limited has 0% invested in the company for 262,231 shares. Bamco reported 612,582 shares or 0.05% of all its holdings. Deutsche Bancorporation Ag holds 671,335 shares or 0.01% of its portfolio. Stephens Ar has 1,695 shares for 0% of their US portfolio. Credit Suisse Ag owns 513,004 shares or 0.01% of their US portfolio. Blume Cap Mgmt Inc, a California-based fund reported 250 shares. The Ohio-based Oak Assocs Oh has invested 0.11% in FireEye Inc (NASDAQ:FEYE). Metropolitan Life Insurance New York has 6,086 shares for 0% of their US portfolio. Citigroup Inc has invested 0% of its portfolio in FireEye Inc (NASDAQ:FEYE). Carroll Assocs Incorporated has invested 0% of its portfolio in FireEye Inc (NASDAQ:FEYE). Winslow Evans And Crocker has 1,446 shares for 0% of their US portfolio. Kingdom Ridge Cap Ltd Liability Corp last reported 8% of its portfolio in the stock. Plante Moran Advisors Ltd Limited Liability Company accumulated 0.02% or 1,300 shares.
Insider Transactions: Since August 16, 2016, the stock had 0 buys, and 5 sales for $299,574 net activity. VERDECANNA FRANK had sold 158 shares worth $2,243 on Tuesday, August 16. Shares for $212,768 were sold by McGee John T on Tuesday, August 16. Reese Travis M. sold $35,001 worth of stock.
More recent FireEye Inc (NASDAQ:FEYE) news were published by: Marketwatch.com which released: “FireEye’s stock soars as cost-cutting leads to big earnings beat” on November 03, 2016. Also Fool.com published the news titled: “Better Buy: FireEye Inc vs. CyberArk” on November 10, 2016. Profitconfidential.com‘s news article titled: “FireEye Inc: What’s Making FEYE Stock So Hot Right Now?” with publication date: November 08, 2016 was also an interesting one.
FEYE Company Profile
FireEye, Inc., incorporated on February 18, 2004, 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 services and products. The Company’s cybersecurity platform includes a family of software appliances, endpoint agents, cloud subscription services, support and maintenance and other services. The Company’s threat prevention appliance families address vectors of attack, such as Web, e-mail, file, endpoint and mobile. The Firm operates throughout the United States and various international locations, including Australia, Dubai, India, Ireland, Japan, South Korea, Singapore, Taiwan, Turkey and the United Kingdom. The Company’s marketing activities include demand generation, advertising, product launch activities, managing its corporate Website and partner portal, trade shows and conferences, press and analyst relations, and customer awareness.
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