FireEye Short Interest Up 42.2% in April (FEYE)
Shares of FireEye (NASDAQ:FEYE) were the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,629,531 shares, a growth of 42.2% from the March 31st total of 3,959,296 shares, Analyst RN reports. Currently, 10.8% of the company’s shares are short sold. Based on an average daily volume of 5,996,713 shares, the days-to-cover ratio is presently 0.9 days.
FEYE has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets upgraded shares of FireEye from a “hold” rating to a “buy” rating in a research note on Wednesday, April 9th. They now have a $70.00 price target on the stock. Separately, analysts at Wedbush upgraded shares of FireEye from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 8th. They now have a $62.00 price target on the stock, down previously from $72.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of FireEye in a research note on Monday, April 7th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. FireEye currently has an average rating of “Hold” and an average price target of $65.35.
Shares of FireEye (NASDAQ:FEYE) opened at 39.26 on Thursday. FireEye has a one year low of $33.30 and a one year high of $97.35. The stock’s 50-day moving average is $57.10 and its 200-day moving average is $54.63. The company’s market cap is $5.684 billion.
FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, February 11th. The company reported ($0.35) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.37) by $0.02. The company had revenue of $57.30 million for the quarter, compared to the consensus estimate of $56.04 million. FireEye’s revenue was up 80.8% compared to the same quarter last year. On average, analysts predict that FireEye will post $-2.04 earnings per share for the current fiscal 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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