Investors Purchase High Volume of Call Options on FireEye (FEYE)
FireEye (NASDAQ:FEYE) saw unusually large options trading activity on Friday. Traders purchased 15,121 call options on the company, AnalystRatings.Net reports. This is an increase of 139% compared to the average daily volume of 6,334 call options.
A number of analysts have recently weighed in on FEYE shares. Analysts at Topeka Capital Markets cut their price target on shares of FireEye from $70.00 to $45.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of FireEye in a research note on Tuesday, August 12th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of FireEye from $40.00 to $38.00 in a research note on Thursday, August 7th. They now have an “in-line” rating on the stock. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $52.42.
Shares of FireEye (NASDAQ:FEYE) traded up 1.60% during mid-day trading on Friday, hitting $28.01. 7,198,039 shares of the company’s stock traded hands. FireEye has a 52 week low of $25.58 and a 52 week high of $97.35. The stock has a 50-day moving average of $33.39 and a 200-day moving average of $47.7. The company’s market cap is $4.172 billion.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.05. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $90.12 million. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The company’s revenue for the quarter was up 184.5% on a year-over-year basis. On average, analysts predict that FireEye will post $-2.13 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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