Major Move Is Coming For FireEye Inc After Bullish Options Activity

 Major Move Is Coming For FireEye Inc After Bullish Options Activity

In today’s session FireEye Inc (FEYE) registered an unusually high (1,791) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FEYE increase. With 1,791 contracts traded and 99314 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FEYE170120C00018000 closed last at: $0.37 or 9.8% down. About 650,002 shares traded hands. FireEye Inc (NASDAQ:FEYE) has declined 28.02% since March 15, 2016 and is downtrending. It has underperformed by 33.51% 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. $65 is the highest target while $14 is the lowest. The $28.73 average target is 129.66% above today’s ($12.51) stock price. Fireeye Inc has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. On Friday, October 9 the stock rating was upgraded by Gabelli to “Hold”. As per Monday, January 11, the company rating was maintained by Wedbush. On Friday, February 12 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm has “Neutral” rating given on Monday, March 21 by Goldman Sachs. FBR Capital maintained the shares of FEYE in a report on Tuesday, August 25 with “Outperform” rating. On Friday, May 6 the stock rating was maintained by UBS with “Neutral”. On Thursday, November 5 the stock rating was maintained by Wunderlich with “Buy”. The rating was downgraded by Dougherty & Company on Friday, October 9 to “Neutral”. The company was downgraded on Thursday, November 5 by Bank of America.

According to Zacks Investment Research, “FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California.”

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.
Canada Pension Plan Investment Board last reported 369,200 shares in the company. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in FireEye Inc (NASDAQ:FEYE). Amalgamated Financial Bank accumulated 0.02% or 19,659 shares. Lba Wealth Mngmt Ltd Llc has invested 0% of its portfolio in FireEye Inc (NASDAQ:FEYE). State Street Corp holds 0% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 1.83 million shares. Sg Americas Secs Limited holds 199,819 shares or 0.02% of its portfolio. Stifel Fincl has 102,248 shares for 0.01% of their US portfolio. Employees Retirement Of Texas owns 58,000 shares or 0.01% of their US portfolio. Oak Ridge Invs Lc last reported 1.2% of its portfolio in the stock. Blackrock owns 39,188 shares or 0% of their US portfolio. Calamos Advsrs Limited Liability Corp, a Illinois-based fund reported 1.89M shares. Eaton Vance accumulated 0% or 94,237 shares. Ray Gerald L & Associate Limited has 0.03% invested in the company for 10,700 shares. Tortoise Invest Lc last reported 500 shares in the company. Pinnacle has 1.19M shares for 0.42% of their US portfolio.

Insider Transactions: Since May 9, 2016, the stock had 2 insider buys, and 3 selling transactions for $312,399 net activity. Reese Travis M. sold 2,466 shares worth $35,001. $212,768 worth of shares were sold by McGee John T on Tuesday, August 16. $350,520 worth of FireEye Inc (NASDAQ:FEYE) was bought by Mandia Kevin R.. BERRY MICHAEL J also bought $211,891 worth of FireEye Inc (NASDAQ:FEYE) shares. VERDECANNA FRANK sold $2,243 worth of FireEye Inc (NASDAQ:FEYE) on Tuesday, August 16.

FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The company has a market cap of $2.06 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.

FEYE Company Profile

FireEye, Inc., incorporated on February 18, 2004, provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of services and products. The Company’s cybersecurity platform includes a family of software appliances, endpoint agents, cloud subscription services, support and maintenance and other services. The Company’s threat prevention appliance families address vectors of attack, such as Web, e-mail, file, endpoint and mobile. The Firm operates throughout the United States and various international locations, including Australia, Dubai, India, Ireland, Japan, South Korea, Singapore, Taiwan, Turkey and the United Kingdom. The Company’s marketing activities include demand generation, advertising, product launch activities, managing its corporate Website and partner portal, trade shows and conferences, press and analyst relations, and customer awareness.

More notable recent FireEye Inc (NASDAQ:FEYE) news were published by: Investorplace.com which released: “FireEye, Inc. (FEYE) Stock Falls Amid Cybersecurity Selloff” on October 12, 2016, also Fool.com with their article: “FireEye Inc’s Worst Business Segment in 2016 So Far” published on September 29, 2016, Fool.com published: “Better Buy: FireEye, Inc. vs. Check Point Software Technologies Ltd.” on September 29, 2016. More interesting news about FireEye Inc (NASDAQ:FEYE) were released by: Profitconfidential.com and their article: “FireEye Inc: Is FEYE Stock Set for a Big Rebound?” published on October 04, 2016 as well as Fool.com‘s news article titled: “Forget FireEye, Inc. — These 2 Stocks Doubled Last Year” with publication date: September 21, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment