Today’s Market Runner: Could FireEye Inc See a Reversal After This Very Strong Session?

Today's Market Runner: Could FireEye Inc See a Reversal After This Very Strong Session?

The stock of FireEye Inc (NASDAQ:FEYE) is a huge mover today! About 10.31M shares traded hands or 159.70% up from the average. FireEye Inc (NASDAQ:FEYE) has declined 37.90% since April 4, 2016 and is downtrending. It has underperformed by 38.99% the S&P500.
The move comes after 5 months positive chart setup for the $2.06 billion company. It was reported on Nov, 4 by Barchart.com. We have $15.34 PT which if reached, will make NASDAQ:FEYE worth $412.00M more.

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 downgraded by Imperial Capital to “In-Line” on Tuesday, August 9. Citigroup downgraded FireEye Inc (NASDAQ:FEYE) rating on Friday, August 5. Citigroup has “Neutral” rating and $18 price target. The firm earned “Outperform” rating on Thursday, January 21 by Oppenheimer. The stock of FireEye Inc (NASDAQ:FEYE) earned “Outperform” rating by Imperial Capital on Friday, January 22. The rating was maintained by Wunderlich with “Buy” on Thursday, November 5. The stock of FireEye Inc (NASDAQ:FEYE) has “Hold” rating given on Tuesday, September 13 by Wunderlich. The firm has “Hold” rating given on Friday, August 5 by Wunderlich. The stock of FireEye Inc (NASDAQ:FEYE) has “Neutral” rating given on Monday, March 21 by Goldman Sachs. Barclays Capital maintained the shares of FEYE in a report on Thursday, November 5 with “Equal-Weight” rating. The company was maintained on Wednesday, March 9 by Wedbush.

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.
The North Carolina-based First Personal Fincl Services has invested 0% in FireEye Inc (NASDAQ:FEYE). Seven Eight Ltd Liability Corporation accumulated 0.13% or 22,804 shares. Hap Trading Ltd Liability Co holds 0.06% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 64,854 shares. Daiwa Securities holds 188,675 shares or 0.02% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.03% invested in the company for 125,495 shares. Babson Cap Limited Liability last reported 69,300 shares in the company. Blackrock Advsrs Ltd Limited Liability Company reported 311,937 shares or 0.01% of all its holdings. Ipswich Investment Mngmt holds 0.16% or 19,850 shares in its portfolio. The Connecticut-based Bourgeon Cap Lc has invested 0.55% in FireEye Inc (NASDAQ:FEYE). Mufg Americas Holdings Corporation holds 630 shares or 0% of its portfolio. Oak Limited Oh last reported 0.11% of its portfolio in the stock. Principal Financial Gru holds 0% of its portfolio in FireEye Inc (NASDAQ:FEYE) for 13,999 shares. Moreover, Oppenheimer has 0.06% invested in FireEye Inc (NASDAQ:FEYE) for 120,049 shares. Commerzbank Aktiengesellschaft Fi accumulated 0.01% or 57,019 shares. Next Century Growth Investors Lc, a Minnesota-based fund reported 1.58 million shares.

Insider Transactions: Since May 9, 2016, the stock had 2 insider purchases, and 3 sales for $312,399 net activity. $2,243 worth of FireEye Inc (NASDAQ:FEYE) was sold by VERDECANNA FRANK on Tuesday, August 16. Another trade for 2,466 shares valued at $35,001 was sold by Reese Travis M.. Mandia Kevin R. bought $350,520 worth of stock. Another trade for 14,988 shares valued at $212,768 was sold by McGee John T. The insider BERRY MICHAEL J bought $211,891.

More notable recent FireEye Inc (NASDAQ:FEYE) news were published by: Marketwatch.com which released: “FireEye jumps 11% as cost-cutting leads to big earnings beat” on November 03, 2016, also Profitconfidential.com with their article: “FireEye Inc: Why FEYE Stock Is on Fire Right Now” published on November 04, 2016, Nasdaq.com published: “Earnings Reaction History: FireEye, Inc., 75.0% Follow-Through Indicator, 11.0 …” on November 03, 2016. More interesting news about FireEye Inc (NASDAQ:FEYE) were released by: Investorplace.com and their article: “FireEye Inc (FEYE) Stock Is Losing Its Security” published on October 27, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Downgrades: GoPro Inc, Whole Foods Market, Inc., and FireEye Inc” with publication date: November 04, 2016.

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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