Short Interest in FireEye Increases By 19.9% (FEYE)
Shares of FireEye (NASDAQ:FEYE) were the recipient of a large growth in short interest in the month of May. As of May 30th, there was short interest totalling 12,644,786 shares, a growth of 19.9% from the May 15th total of 10,541,895 shares, ARN reports. Approximately 19.8% of the shares of the stock are sold short. Based on an average daily volume of 11,510,612 shares, the short-interest ratio is currently 1.1 days.
In other FireEye news, SVP Bahman Mahbod sold 50,000 shares of FireEye stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $34.27, for a total value of $1,713,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FEYE. Analysts at Barclays upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 23rd. They now have a $40.00 price target on the stock, down previously from $50.00. They noted that the move was a valuation call. Separately, analysts at Nomura reiterated a “buy” rating on shares of FireEye in a research note on Monday, May 19th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. FireEye presently has a consensus rating of “Buy” and a consensus price target of $55.37.
FireEye (NASDAQ:FEYE) opened at 35.49 on Friday. FireEye has a one year low of $25.58 and a one year high of $97.35. The stock’s 50-day moving average is $33.49 and its 200-day moving average is $53.21. The company’s market cap is $5.149 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data 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. Analysts expect that FireEye will post $-2.22 EPS 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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