FireEye Inc Hits New 52-Week High at $56.19 (FEYE)
Shares of FireEye (NASDAQ:FEYE) hit a new 52-week high during mid-day trading on Friday, AR Network reports. The stock traded as high as $56.19 and last traded at $55.72, with a volume of 8,692,407 shares trading hands. The stock had previously closed at $41.13.
A number of research firms have recently commented on FEYE. Analysts at Bank of America Corp. set a $60.00 price target on shares of FireEye in a research note to investors on Friday. Separately, analysts at Nomura reiterated a “positive” rating on shares of FireEye in a research note to investors on Friday. Finally, analysts at Wedbush initiated coverage on shares of FireEye in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.06.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($1.28) by $0.07. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $39.80 million. FireEye’s revenue was up 95.0% compared to the same quarter last year.
FireEye, Inc invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks.
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