Economy

FireEye, Inc. (FEYE) Upgraded by Stephens to Overweight

Vanguard Group Inc. now owns 12,578,361 shares of the information security company's stock valued at $191,317,000 after purchasing an additional 917,967 shares in the last quarter. Over the trailing year, the stock is underperforming the S&P 500 by 3.4, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. As of the end of the quarter Cubist Systematic Strategies, LLC had disposed of 56,601 shares trimming its stake by 58.6%. UBS AG fixed a $16.00 price objective on FireEye and issued the shares a hold recommendation in a study note published on Fri, Jul 7th. crowd sourced stock rating company Vetr lifted FireEye from a buy recommendation to a strong-buy recommendation and fixed a $17.10 PT for the company in a study note published on Wed, May 24th. Comparatively, FireEye, Inc. posted earnings of $-0.13 per share in the same quarter a year ago. The value of the investment in (FEYE) went from $661,000 to $1,733,000 increasing 162.2% quarter to quarter. Its last month's stock price volatility remained 2.29% which for the week stands at 2.15%. Finally, Penserra Capital Management LLC increased its stake in FireEye by 16.4% in the 1st quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company's stock worth $40,809,000 after acquiring an additional 456,661 shares during the last quarter.

A number of large investors have recently bought and sold shares of FEYE.

The average 1-year price target for FireEye, Inc. Goldman Sachs Group, Inc.

A price target is the projected price level of a financial security stated by an investment analyst. BidaskClub raised FireEye from a strong sell rating to a sell rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Finally, Barclays PLC reaffirmed an equal weight rating and set a $16.00 price target (up previously from $14.00) on shares of FireEye in a research report on Wednesday, August 2nd.

In related news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Following the transaction, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Lastly, Vanguard Group grew its stake in stocks of FireEye by 7.9% in the Fiscal Q2. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright law.

FireEye, Inc. shares increased 8.4 percent over the past week and rose 12.67 percent over the previous month.

Shares of FireEye, Inc.

FireEye (NASDAQ FEYE) started trading at 16.41 on early Monday. The stock now has a consensus recommendation of Hold and an consensus price target of $16.44. There are brokerage firms with lower targets than the average, including one setting a price target of $10.

FireEye, Inc. (FEYE)'s distance from 200 day simple moving average is 21.7 percent, its distance from 50 day simple moving average is 10.1 percent, while its distance from 20 day simple moving average is 13.07 percent.

(FEYE) has a market cap of $2.94 billion and over the last 12 months, FireEye, Inc. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million during the quarter, compared to analysts' expectations of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The lowest price the stock reached in the last trading day was $8.09 and compares with the $6.96 52-week low. Comparatively, FEYE posted earnings of $-0.13 per share in the same quarter, a year earlier. The Lower end of the earnings estimate is $-0.08, while the higher end of the earnings estimate is $-0.06.



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