Stock Worth Mentioning Today: Is Selling FireEye Inc Here a Winning Strategy?

Stock Worth Mentioning Today: Is Selling FireEye Inc Here a Winning Strategy?

The stock of FireEye Inc (NASDAQ:FEYE) reached all time low today, Nov, 3 and still has $10.47 target or 5.00% below today’s $11.02 share price. This indicates more downside for the $1.78B company. This technical setup was reported by Barchart.com. If the $10.47 PT is reached, the company will be worth $89.00 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 5.50 million shares traded hands or 40.31% up from the average. FireEye Inc (NASDAQ:FEYE) has declined 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. $65 is the highest target while $11 is the lowest. The $27.96 average target is 153.72% above today’s ($11.02) stock price. Fireeye Inc has been the topic of 66 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, March 9, the company rating was maintained by Deutsche Bank. The rating was initiated by Summit Research with “Buy” on Monday, January 4. The firm has “Neutral” rating by UBS given on Friday, March 11. The rating was downgraded by Dougherty & Company to “Neutral” on Friday, October 9. The rating was downgraded by Wedbush to “Neutral” on Friday, October 23. Wedbush maintained it with “Neutral” rating and $21 target price in Monday, January 11 report. Deutsche Bank reinitiated the shares of FEYE in a report on Monday, September 26 with “Hold” rating. The rating was downgraded by Imperial Capital on Tuesday, August 9 to “In-Line”. As per Thursday, September 10, the company rating was initiated by BTIG Research. As per Thursday, November 5, the company rating was downgraded by FBR Capital.

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 improved, 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.
Invesco Ltd accumulated 262,231 shares or 0% of the stock. Renaissance Invest Grp Limited Liability Com reported 30,475 shares or 0.25% of all its holdings. Financial Architects holds 0.04% or 9,030 shares in its portfolio. Asset, a New York-based fund reported 15,998 shares. Wealthtrust has 0% invested in the company for 50 shares. Moreover, Renaissance Technologies Limited Liability has 0.04% invested in FireEye Inc (NASDAQ:FEYE) for 1.26M shares. Vantage Inv Advsr Ltd Liability holds 199 shares or 0% of its portfolio. Pinnacle Associate Limited holds 1.19M shares or 0.42% of its portfolio. Whittier Trust has invested 0% of its portfolio in FireEye Inc (NASDAQ:FEYE). Capital Rech Global holds 0.01% or 1.50M shares in its portfolio. Credit Suisse Ag accumulated 0.01% or 513,004 shares. Pnc Fincl Services Group Incorporated, a Pennsylvania-based fund reported 4,800 shares. Neville Rodie & Shaw holds 134,059 shares or 0.26% of its portfolio. Bamco Ny owns 612,582 shares or 0.05% of their US portfolio. Hourglass Capital Ltd Liability Co holds 0.45% or 111,322 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 2 insider buys, and 3 selling transactions for $312,399 net activity. McGee John T had sold 14,988 shares worth $212,768 on Tuesday, August 16. BERRY MICHAEL J bought $211,891 worth of stock or 16,500 shares. $350,520 worth of FireEye Inc (NASDAQ:FEYE) was bought by Mandia Kevin R.. $35,001 worth of shares were sold by Reese Travis M. on Tuesday, August 16. 158 shares were sold by VERDECANNA FRANK, worth $2,243 on Tuesday, August 16.

More recent FireEye Inc (NASDAQ:FEYE) news were published by: Nasdaq.com which released: “Earnings Reaction History: FireEye, Inc., 75.0% Follow-Through Indicator, 11.0 …” on November 03, 2016. Also Investorplace.com published the news titled: “FireEye Inc (FEYE) Stock Is Losing Its Security” on October 27, 2016. Investorplace.com‘s news article titled: “FireEye, Inc. (FEYE) Stock Falls Amid Cybersecurity Selloff” 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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