FireEye Inc (NASDAQ:FEYE) reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $19.08 and last traded at $18.87, with a volume of 2843716 shares traded. The stock had previously closed at $18.75.
Several research firms recently issued reports on FEYE. Stephens restated a “buy” rating and set a $23.00 price objective on shares of FireEye in a research report on Friday, February 9th. BMO Capital Markets raised their price objective on shares of FireEye from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Wedbush restated a “positive” rating and set a $14.12 price objective (down from $16.00) on shares of FireEye in a research report on Friday, February 9th. UBS upgraded shares of FireEye from a “neutral” rating to a “positive” rating in a research report on Friday, February 9th. Finally, BidaskClub upgraded shares of FireEye from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average 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 $3,592.05, a price-to-earnings ratio of -17.17 and a beta of 0.38.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. The business had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts predict that FireEye Inc will post -0.83 earnings per share for the current fiscal year.
In other news, President Travis M. Reese sold 74,962 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $16.20, for a total value of $1,214,384.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexa King sold 108,565 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.31, for a total transaction of $1,770,695.15. Following the completion of the transaction, the executive vice president now directly owns 514,800 shares of the company’s stock, valued at approximately $8,396,388. The disclosure for this sale can be found here. In the last three months, insiders sold 478,215 shares of company stock valued at $7,889,025. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FEYE. The Manufacturers Life Insurance Company boosted its stake in shares of FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after purchasing an additional 1,528 shares during the period. Resources Investment Advisors Inc. boosted its stake in shares of FireEye by 96.9% in the fourth 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 during the period. State of Alaska Department of Revenue purchased a new position in FireEye in the fourth quarter worth approximately $146,000. Envestnet Asset Management Inc. lifted its stake in FireEye by 71.0% in the third quarter. Envestnet Asset Management Inc. now owns 10,427 shares of the information security company’s stock worth $174,000 after acquiring an additional 4,330 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in FireEye by 5,600.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,825 shares of the information security company’s stock worth $182,000 after acquiring an additional 12,600 shares during the last quarter. 65.36% of the stock is owned by institutional investors and hedge funds.
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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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