The stock of FireEye Inc (NASDAQ:FEYE) is a huge mover today! About 5.30M shares traded hands or 10.42% up from the average. FireEye Inc (NASDAQ:FEYE) has declined 22.39% since April 8, 2016 and is downtrending. It has underperformed by 28.04% the S&P500.
The move comes after 9 months positive chart setup for the $2.49B company. It was reported on Nov, 10 by Barchart.com. We have $22.76 PT which if reached, will make NASDAQ:FEYE worth $1.39 billion 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 stock of FireEye Inc (NASDAQ:FEYE) earned “Neutral” rating by Citigroup on Friday, August 5. Imperial Capital upgraded it to “Outperform” rating and $55 target price in Tuesday, August 18 report. The firm earned “Equal-Weight” rating on Wednesday, March 9 by Morgan Stanley. The company was downgraded on Thursday, November 5 by Bank of America. The stock has “Market Perform” rating given by Wells Fargo on Thursday, November 5. On Wednesday, October 14 the stock rating was maintained by Deutsche Bank with “Hold”. Deutsche Bank maintained the shares of FEYE in a report on Friday, February 12 with “Hold” rating. The rating was maintained by Wedbush with “Neutral” on Wednesday, March 9. The stock has “Neutral” rating given by UBS on Friday, March 11. The stock of FireEye Inc (NASDAQ:FEYE) earned “Outperform” rating by Oppenheimer on Thursday, January 21.
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.
Valinor L P accumulated 2.3% or 4.19M shares. Pnc Financial Gru Incorporated Inc holds 4,800 shares or 0% of its portfolio. Geode Cap Mgmt Limited Co has invested 0.01% of its portfolio in FireEye Inc (NASDAQ:FEYE). Fairfield Bush has 0.06% invested in the company for 10,000 shares. The New York-based Amer Int Grp Inc has invested 0% in FireEye Inc (NASDAQ:FEYE). Tcw holds 0.01% or 103,638 shares in its portfolio. Omers Administration holds 43,900 shares or 0.01% of its portfolio. Honeywell, a New Jersey-based fund reported 1.07 million shares. Blackrock Institutional Com Na has invested 0.01% of its portfolio in FireEye Inc (NASDAQ:FEYE). Moreover, Cambridge Research Inc has 0% invested in FireEye Inc (NASDAQ:FEYE) for 10,357 shares. The Alabama-based Wealthtrust has invested 0% in FireEye Inc (NASDAQ:FEYE). State Of Wisconsin Inv Board last reported 100,650 shares in the company. Moreover, Walleye Trading Ltd Co has 0.02% invested in FireEye Inc (NASDAQ:FEYE) for 224,944 shares. Creative Planning holds 233,279 shares or 0.03% of its portfolio. Symmetry Peak Ltd Liability Corp has 45,800 shares for 0.13% of their US portfolio.
Insider Transactions: Since May 16, 2016, the stock had 1 insider buy, and 3 sales for $100,508 net activity. McGee John T also sold $212,768 worth of FireEye Inc (NASDAQ:FEYE) on Tuesday, August 16. 27,600 shares with value of $350,520 were bought by Mandia Kevin R. on Monday, May 16. Reese Travis M. had sold 2,466 shares worth $35,001 on Tuesday, August 16. Another trade for 158 shares valued at $2,243 was sold by VERDECANNA FRANK.
More notable recent FireEye Inc (NASDAQ:FEYE) news were published by: Fool.com which released: “Better Buy: Palo Alto Networks Inc. vs. FireEye Inc.” on November 09, 2016, also Marketwatch.com with their article: “FireEye’s stock soars as cost-cutting leads to big earnings beat” published on November 03, 2016, Profitconfidential.com published: “FireEye Inc: This Trigger Event Could Send FEYE Stock Soaring” on November 09, 2016. More interesting news about FireEye Inc (NASDAQ:FEYE) were released by: Profitconfidential.com and their article: “FireEye Inc: Why FEYE Stock Is on Fire Right Now” published on November 04, 2016 as well as Investorplace.com‘s news article titled: “FireEye, Inc. (FEYE) Stock Falls Amid Cybersecurity Selloff” with publication date: October 12, 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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