A Reversal for FireEye Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for FireEye Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session FireEye Inc (FEYE) registered an unusually high (254) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious FEYE increase. With 254 contracts traded and 46644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: FEYE161021C00017000 closed last at: $0.25 or 13.6% up. The stock decreased 1.29% or $0.19 during the last trading session, hitting $14.49. About 2.52M shares traded hands. FireEye Inc (NASDAQ:FEYE) has declined 16.92% since March 1, 2016 and is downtrending. It has underperformed by 26.16% the S&P500.

Analysts await FireEye Inc (NASDAQ:FEYE) to report earnings on November, 2. They expect $-0.68 EPS, up 9.33% or $0.07 from last year’s $-0.75 per share. After $-0.68 actual EPS reported by FireEye Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

FireEye Inc (NASDAQ:FEYE) Ratings Coverage

Out of 26 analysts covering Fireeye Inc (NASDAQ:FEYE), 9 rate it a “Buy”, 0 “Sell”, while 17 “Hold”. This means 35% are positive. Fireeye Inc has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, January 4, the company rating was initiated by Summit Research. Wedbush maintained the shares of FEYE in a report on Thursday, November 5 with “Neutral” rating. The rating was downgraded by JP Morgan to “Neutral” on Friday, August 5. On Wednesday, October 14 the stock rating was maintained by Deutsche Bank with “Hold”. On Tuesday, August 25 the stock rating was maintained by FBR Capital with “Outperform”. Wedbush maintained the stock with “Neutral” rating in Monday, January 25 report. The rating was maintained by Oppenheimer on Thursday, January 21 with “Outperform”. On Thursday, November 5 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by Deutsche Bank on Friday, August 5 with “Hold”. The stock of FireEye Inc (NASDAQ:FEYE) earned “Neutral” rating by Wedbush on Wednesday, March 9.

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.25, from 0.83 in 2016Q1. The ratio increased, as 55 funds sold all FireEye Inc shares owned while 77 reduced positions. 48 funds bought stakes while 95 increased positions. They now own 84.94 million shares or 9.54% more from 77.54 million shares in 2016Q1.
Reynders Mcveigh Mgmt Limited Co last reported 0.15% of its portfolio in the stock. Moreover, Comml Bank Of America De has 0.01% invested in FireEye Inc (NASDAQ:FEYE) for 2.56M shares. Granite Prtn Limited Company accumulated 0.09% or 67,706 shares. Cqs Cayman L P accumulated 0.09% or 60,800 shares. Investors Capital Advisory Svcs last reported 13,902 shares in the company. Blackrock Fund accumulated 1.76M shares or 0.01% of the stock. First New York Lc Ny reported 10,000 shares or 0% of all its holdings. Renaissance Investment Gp reported 30,475 shares or 0.25% of all its holdings. Jpmorgan Chase & Company holds 112,298 shares or 0% of its portfolio. Northern Trust has 635,136 shares for 0% of their US portfolio. Manufacturers Life Insur The has 0% invested in the company for 4,647 shares. Ladenburg Thalmann Fincl Services Incorporated accumulated 26,773 shares or 0.01% of the stock. Jefferies Grp Inc Ltd Limited Liability Company holds 0.02% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 208,959 shares. Wellington Shields Mgmt Limited Liability Corp accumulated 0.08% or 27,400 shares. Moreover, Winslow Evans And Crocker has 0% invested in FireEye Inc (NASDAQ:FEYE) for 1,446 shares.

Insider Transactions: Since May 9, 2016, the stock had 2 buys, and 3 sales for $312,399 net activity. Shares for $2,243 were sold by VERDECANNA FRANK. Shares for $35,001 were sold by Reese Travis M. on Tuesday, August 16. On Monday, May 9 the insider BERRY MICHAEL J bought $211,891. 14,988 FireEye Inc (NASDAQ:FEYE) shares with value of $212,768 were sold by McGee John T. Another trade for 27,600 shares valued at $350,520 was made by Mandia Kevin R. on Monday, May 16.

FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The company has a market cap of $2.45 billion. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of services and products. It currently has negative earnings. The Company’s cybersecurity platform includes a family of software appliances, endpoint agents, cloud subscription services, support and maintenance and other services.

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