Notable Mover: FireEye Inc’s Trend Down, Especially After Today’s Yearly Low Hit

Notable Mover: FireEye Inc's Trend Down, Especially After Today's Yearly Low Hit

The stock of FireEye Inc (NASDAQ:FEYE) hit a new 52-week low and has $10.30 target or 9.00% below today’s $11.32 share price. The 7 months bearish chart indicates high risk for the $1.83 billion company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $10.30 price target is reached, the company will be worth $164.70M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $11.32 per share. It is down 36.01% since April 1, 2016 and is downtrending. It has underperformed by 37.22% the S&P500.

FireEye Inc (NASDAQ:FEYE) Ratings Coverage

Out of 27 analysts covering Fireeye Inc (NASDAQ:FEYE), 9 rate it a “Buy”, 1 “Sell”, while 17 “Hold”. This means 33% are positive. Fireeye Inc has been the topic of 66 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Wunderlich on Tuesday, September 13 with “Hold”. The firm earned “Neutral” rating on Monday, March 21 by Goldman Sachs. The firm earned “Neutral” rating on Monday, January 25 by Wedbush. The rating was maintained by Barclays Capital on Thursday, November 5 with “Equal-Weight”. Wunderlich maintained it with “Buy” rating and $21 target price in Wednesday, January 20 report. The company was maintained on Friday, February 12 by Barclays Capital. On Monday, October 24 the stock rating was downgraded by First Analysis to “Underweight”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, March 9. Northland Capital initiated FireEye Inc (NASDAQ:FEYE) on Thursday, January 21 with “Outperform” rating. Wedbush downgraded FireEye Inc (NASDAQ:FEYE) rating on Friday, October 23. Wedbush has “Neutral” rating and $32 price target.

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 2016 Q2. 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.
Advisory Svcs Ntwk Lc holds 28,390 shares or 0.11% of its portfolio. Next Financial has 635 shares for 0% of their US portfolio. Moreover, Td Asset Mngmt Inc has 0% invested in FireEye Inc (NASDAQ:FEYE) for 27,300 shares. Teacher Retirement Systems Of Texas holds 0% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 20,926 shares. Cqs Cayman Ltd Partnership last reported 0.09% of its portfolio in the stock. Levin Strategies Limited Partnership holds 0.01% or 23,000 shares in its portfolio. Parametric Portfolio Limited Company accumulated 0.01% or 357,324 shares. Quantitative Systematic Strategies Llc has 0.08% invested in the company for 10,282 shares. Fny Managed Accounts Ltd Com last reported 5,000 shares in the company. Hutchin Hill Lp reported 20,000 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage has invested 0.01% of its portfolio in FireEye Inc (NASDAQ:FEYE). Tcw Grp Inc holds 0.01% or 103,638 shares in its portfolio. Kelly Lawrence W Ca holds 0% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 1,000 shares. Tiaa Cref Investment Ltd Co owns 538,104 shares or 0.01% of their US portfolio. Clearbridge holds 0% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 5,000 shares.

Insider Transactions: Since May 9, 2016, the stock had 2 insider purchases, and 3 insider sales for $312,399 net activity. Reese Travis M. also sold $35,001 worth of FireEye Inc (NASDAQ:FEYE) shares. The insider VERDECANNA FRANK sold 158 shares worth $2,243. McGee John T sold $212,768 worth of FireEye Inc (NASDAQ:FEYE) on Tuesday, August 16. The insider Mandia Kevin R. bought 27,600 shares worth $350,520. The insider BERRY MICHAEL J bought 16,500 shares worth $211,891.

More recent FireEye Inc (NASDAQ:FEYE) news were published by: Investorplace.com which released: “FireEye Inc (FEYE) Stock Is Losing Its Security” on October 27, 2016. Also Investorplace.com published the news titled: “FireEye, Inc. (FEYE) Stock Falls Amid Cybersecurity Selloff” on October 12, 2016. Schaeffersresearch.com‘s news article titled: “Calls Hot as Sector Headwinds Hit FireEye Inc (FEYE)” with publication date: October 12, 2016 was also an interesting one.

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.

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