FireEye (FEYE) Shares Up 2.3%

FireEye Inc (NASDAQ:FEYE) shot up 2.3% during mid-day trading on Thursday . The company traded as high as $18.31 and last traded at $18.52. 2,340,791 shares were traded during mid-day trading, a decline of 40% from the average session volume of 3,926,473 shares. The stock had previously closed at $18.10.

A number of brokerages have recently issued reports on FEYE. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a research note on Saturday, April 7th. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of FireEye from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Wedbush reaffirmed a “positive” rating and issued a $14.12 price objective (down previously from $16.00) on shares of FireEye in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.38.

The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $3,283.61, a PE ratio of -17.15 and a beta of 0.38.



FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. FireEye’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. equities analysts expect that FireEye Inc will post -0.83 EPS for the current year.

In related news, CFO Frank Verdecanna sold 33,878 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $16.20, for a total value of $548,823.60. Following the completion of the transaction, the chief financial officer now directly owns 383,057 shares in the company, valued at approximately $6,205,523.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alexa King sold 47,680 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $772,416.00. Following the completion of the transaction, the executive vice president now owns 514,800 shares of the company’s stock, valued at $8,339,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 478,215 shares of company stock valued at $7,889,025. 2.40% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after acquiring an additional 1,528 shares in the last quarter. Amalgamated Bank increased its stake in FireEye by 10.0% during the 4th quarter. Amalgamated Bank now owns 34,853 shares of the information security company’s stock valued at $495,000 after purchasing an additional 3,179 shares in the last quarter. Principal Financial Group Inc. increased its stake in FireEye by 17.8% during the 3rd quarter. Principal Financial Group Inc. now owns 22,477 shares of the information security company’s stock valued at $377,000 after purchasing an additional 3,393 shares in the last quarter. Resources Investment Advisors Inc. increased its stake in FireEye by 96.9% during the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock valued at $104,000 after purchasing an additional 3,607 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in FireEye by 16.9% during the 4th quarter. OLD National Bancorp IN now owns 25,634 shares of the information security company’s stock valued at $364,000 after purchasing an additional 3,706 shares in the last quarter. Institutional investors own 65.36% 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).

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