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Shares of FireEye (NASDAQ:FEYE) were the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 7,210,831 shares, an increase of 28.1% from the April 15th total of 5,629,531 shares, ARN reports. Currently, 13.6% of the company’s stock are sold short. Based on an average daily trading volume, of 4,326,719 shares, the days-to-cover ratio is currently 1.7 days.

Several analysts have recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of FireEye from $68.00 to $30.00 in a research note on Friday, May 9th. They now have an “in-line” rating on the stock. Separately, analysts at Gabelli upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. reiterated an “equal weight” rating on shares of FireEye in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, down previously from $73.00. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. FireEye has a consensus rating of “Hold” and an average target price of $57.53.

Shares of FireEye (NASDAQ:FEYE) opened at 27.25 on Thursday. FireEye has a 52 week low of $25.84 and a 52 week high of $97.35. The stock’s 50-day moving average is $45.72 and its 200-day moving average is $53.99. The company’s market cap is $3.651 billion.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, May 6th. The company reported ($0.53) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.53). The company had revenue of $74.00 million for the quarter, compared to the consensus estimate of $71.65 million. The company’s quarterly revenue was up 160.6% on a year-over-year basis. On average, analysts predict that FireEye will post $-2.22 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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