FireEye Inc (NASDAQ:FEYE) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 17,313,538 shares, a decrease of 15.6% from the February 15th total of 20,506,052 shares. Approximately 11.9% of the company’s shares are short sold. Based on an average daily volume of 3,832,246 shares, the short-interest ratio is currently 4.5 days.
A number of equities research analysts recently commented on FEYE shares. Zacks Investment Research lowered shares of FireEye from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Barclays upped their price objective on shares of FireEye from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Wedbush restated a “neutral” rating and issued a $14.00 price objective on shares of FireEye in a report on Tuesday, November 14th. UBS Group upgraded shares of FireEye from a “neutral” rating to a “positive” rating in a report on Friday, February 9th. Finally, Stephens restated a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.17.
In other news, CFO Frank Verdecanna sold 33,878 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 383,057 shares of the company’s stock, valued at approximately $6,205,523.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Travis M. Reese sold 74,962 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $16.20, for a total transaction of $1,214,384.40. The disclosure for this sale can be found here. Insiders sold a total of 478,215 shares of company stock valued at $7,889,025 in the last ninety days. 2.40% of the stock is owned by corporate insiders.
FireEye (NASDAQ FEYE) opened at $17.98 on Monday. FireEye has a 12 month low of $10.38 and a 12 month high of $18.29. The stock has a market cap of $3,320.00, a PE ratio of -10.51 and a beta of 0.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.92.
FireEye (NASDAQ:FEYE) last announced 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 company had revenue of $202.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same period in the prior year, the firm posted ($0.03) EPS. FireEye’s revenue for the quarter was up 9.5% on a year-over-year basis. analysts anticipate that FireEye will post -0.83 earnings per share for the current year.
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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