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.



Like this

Latest


13 September 2017
India's industrial production grew merely 1.2% in July
Capital goods output, which is the barometer of investment, declined by 1 percent from a growth of 8.8 percent a year ago. The slowdown was attributed to the disruptions caused by GST and destocking undertaken by manufacturers.

13 September 2017
TV reporter rescues 2 beached dolphins stranded after Irma
Sanders said a good Samaritan had brought the baby dolphin to the beach after finding it about a half block away. MSNBC reporter Kerry Sanders tried desperately to save a dolphin in Florida Monday after Hurricane Irma hit.

13 September 2017
Liberty Property Trust (NYSE:LPT) Reaches a New Pinnacle
BidaskClub upgraded Essex Property Trust from a "buy" rating to a "strong-buy" rating in a report on Tuesday, June 20th. Schwab Charles Inv Incorporated holds 0.13% of its portfolio in Essex Property Trust Inc (NYSE:ESS) for 499,617 shares.

13 September 2017
Engagement ring falls through bridge during proposal
Although insured for damage or for loss of just the diamond, the entire ring is not insured if it is lost, Salsa and Dixon said. Dixon is now ring-less and still making payments for the stone, Kansas City Star reported.

13 September 2017
(CVS) is up at $80.43 CVS Health Makes Overdose-Reversal Drug…
The pharmacy operator reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Pettee Investors Inc. bought a new position in shares of CVS Health Corporation during the 1st quarter valued at about $214,000.

13 September 2017
India's factory output rises, so does inflation
On a monthly basis, consumer prices grew 0.6% in August, just above the 0.5% gain expected by economists. But the August inflation figure remains below RBI's medium term target of 4 per cent.

13 September 2017
Revenue Estimates Analysis United Technologies Corporation (UTX)
United Technologies Corporation on 6/29/2017 reported its EPS as $1.76 with the analysts projecting the EPS of the stock as $1.66. Segment Wealth Management bought a fresh position in stocks of United Technologies Corporation in the Fiscal Q2 valued $215,000.

12 September 2017
Russian defense minister holds talks with Assad
The sides also discussed the stabilization of the situation in Syria, the safe zones as well as the humanitarian assistance to the Syrians.

12 September 2017
Nu Skin Enterprises, Inc. (NUS) Shares Bought by Legal & General Group Plc
Jensen Investment Management holdings in Nu Skin Enterprises were valued $692,000 as of its latest document with the SEC (SEC). TheStreet raised shares of Nu Skin Enterprises from a "c+" rating to a "b" rating in a research note on Wednesday, August 2nd.

12 September 2017
Chevron Corporation New (NYSE:CVX) Short Interest Increased By 5.33%
It is down 2.90% since September 11, 2016 and is downtrending. "Inc, Infinera Corp, Bonanza Creek ..." on August 15, 2017. Fisher Asset Management LLC increased its holdings in shares of Chevron Corporation by 1.0% during the 1st quarter.



Recommended