FireEye, Inc. (FEYE) Short Interest Down 10.2% in August
FireEye, Inc. (NASDAQ:FEYE) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 30,152,761 shares, a drop of 10.2% from the August 15th total of 33,564,182 shares. Based on an average daily trading volume, of 3,591,438 shares, the short-interest ratio is currently 8.4 days. Approximately 17.6% of the company’s stock are sold short.
A number of analysts have commented on FEYE shares. BidaskClub raised FireEye from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. UBS AG set a $16.00 target price on FireEye and gave the stock a “hold” rating in a report on Friday, July 7th. Vetr raised FireEye from a “buy” rating to a “strong-buy” rating and set a $17.10 target price for the company in a report on Wednesday, May 24th. Deutsche Bank AG lifted their target price on FireEye from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reissued an “equal weight” rating and issued a $16.00 target price (up previously from $14.00) on shares of FireEye in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.44.
FireEye (FEYE) opened at 17.03 on Friday. The stock has a 50 day moving average price of $14.79 and a 200 day moving average price of $14.01. The stock’s market capitalization is $3.10 billion. FireEye has a 12 month low of $10.35 and a 12 month high of $17.16.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. During the same period last year, the firm earned ($0.33) EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that FireEye will post ($0.21) EPS for the current fiscal year.
In related news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in shares of FireEye by 13.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock valued at $3,705,000 after acquiring an additional 28,450 shares during the period. Unterberg Capital LLC acquired a new stake in shares of FireEye during the 2nd quarter valued at about $4,031,000. Teachers Advisors LLC grew its position in shares of FireEye by 20.1% during the 4th quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after acquiring an additional 32,147 shares during the period. Canada Pension Plan Investment Board grew its position in shares of FireEye by 31.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock valued at $1,045,000 after acquiring an additional 16,600 shares during the period. Finally, Segantii Capital Management Ltd acquired a new stake in shares of FireEye during the 1st quarter valued at about $251,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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