Can FireEye Inc’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can FireEye Inc's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session FireEye Inc (FEYE) recorded an unusually high (200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FEYE decrease. With 200 contracts traded and 25174 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FEYE161216P00014000 closed last at: $1.07 or 2.9% up. About 298,085 shares traded hands. FireEye Inc (NASDAQ:FEYE) has declined 28.34% since April 26, 2016 and is downtrending. It has underperformed by 33.60% the S&P500.

Analysts await FireEye Inc (NASDAQ:FEYE) to report earnings on February, 9. They expect $-0.49 earnings per share, up 32.88% or $0.24 from last year’s $-0.73 per share. After $-0.46 actual earnings per share reported by FireEye Inc for the previous quarter, Wall Street now forecasts 6.52% negative EPS growth.

FireEye Inc (NASDAQ:FEYE) Ratings Coverage

Out of 27 analysts covering Fireeye Inc (NASDAQ:FEYE), 9 rate it a “Buy”, 2 “Sell”, while 16 “Hold”. This means 33% are positive. $65 is the highest target while $11 is the lowest. The $27.96 average target is 116.74% above today’s ($12.9) stock price. Fireeye Inc has been the topic of 67 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of FireEye Inc (NASDAQ:FEYE) has “Outperform” rating given on Thursday, January 21 by Oppenheimer. The firm earned “Outperform” rating on Wednesday, July 29 by Oppenheimer. Gabelli downgraded FireEye Inc (NASDAQ:FEYE) on Monday, August 3 to “Sell” rating. William Blair downgraded the shares of FEYE in a report on Friday, August 5 to “Market Perform” rating. The company was maintained on Thursday, November 5 by Deutsche Bank. The firm has “In-Line” rating given on Tuesday, August 9 by Imperial Capital. First Analysis downgraded it to “Underweight” rating and $11 target price in Monday, October 24 report. As per Friday, October 23, the company rating was downgraded by Wedbush. The firm has “Buy” rating by Summit Research given on Monday, January 4. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, March 9.

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 decreased to 0.96 in Q2 2016. Its down 0.12, from 1.08 in 2016Q1. The ratio dropped, 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.
Metropolitan Life Insur Company has 0% invested in the company for 6,086 shares. Janney Montgomery Scott Llc accumulated 16,360 shares or 0.01% of the stock. Oak Associate Oh accumulated 0.11% or 54,855 shares. Benjamin F Edwards Co has 3,775 shares for 0.01% of their US portfolio. The United Kingdom-based Pictet Asset Mngmt Ltd has invested 0.02% in FireEye Inc (NASDAQ:FEYE). Belmont Advisors Inc last reported 0.95% of its portfolio in the stock. Moreover, Omers Administration has 0.01% invested in FireEye Inc (NASDAQ:FEYE) for 43,900 shares. Raymond James Financial Svcs, a Florida-based fund reported 117,461 shares. Cortina Asset Mgmt Ltd Liability reported 241,241 shares or 0.18% of all its holdings. Bamco accumulated 612,582 shares or 0.05% of the stock. Hightower Advsrs Limited Liability Co has invested 0.04% of its portfolio in FireEye Inc (NASDAQ:FEYE). Levin Strategies Lp has invested 0.01% of its portfolio in FireEye Inc (NASDAQ:FEYE). D E Shaw accumulated 0.02% or 759,557 shares. Stephens Inv Management Limited Liability Co, a Texas-based fund reported 291,927 shares. Coatue Limited Liability last reported 0.23% of its portfolio in the stock.

Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 5 selling transactions for $299,574 net activity. VERDECANNA FRANK had sold 1,188 shares worth $16,348 on Wednesday, November 16. Shares for $35,001 were sold by Reese Travis M. on Tuesday, August 16. The insider McGee John T sold $212,768.

FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The company has a market cap of $2.15 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 important recent FireEye Inc (NASDAQ:FEYE) news were published by: Marketwatch.com which released: “FireEye’s stock soars as cost-cutting leads to big earnings beat” on November 03, 2016, also Fool.com published article titled: “Better Buy: FireEye Inc vs. CyberArk”, Profitconfidential.com published: “FireEye Inc: What’s Making FEYE Stock So Hot Right Now?” on November 08, 2016. More interesting news about FireEye Inc (NASDAQ:FEYE) was released by: Finance.Yahoo.com and their article: “FireEye Announces Helix — the First Intelligence-led Platform to Simplify …” with publication date: November 29, 2016.

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