FireEye Inc (NASDAQ:FEYE) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 17,940,000 shares, a decrease of 8.1% from the September 30th total of 19,530,000 shares. Based on an average daily volume of 3,570,000 shares, the short-interest ratio is presently 5.0 days. Approximately 8.6% of the company’s stock are short sold.
FireEye stock traded up $0.07 during trading hours on Friday, hitting $17.07. 2,132,700 shares of the stock were exchanged, compared to its average volume of 3,847,342. The stock has a market capitalization of $3.68 billion, a P/E ratio of -23.71 and a beta of 0.97. FireEye has a 12 month low of $12.66 and a 12 month high of $20.51. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.52 and a current ratio of 1.53. The business’s 50-day moving average is $15.33 and its two-hundred day moving average is $14.75.
FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, October 29th. The information security company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. The company had revenue of $225.91 million for the quarter, compared to the consensus estimate of $220.09 million. During the same quarter in the previous year, the company earned $0.06 EPS. FireEye’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that FireEye will post -0.62 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. BidaskClub upgraded FireEye from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Goldman Sachs Group started coverage on shares of FireEye in a research note on Tuesday, November 12th. They issued a “neutral” rating and a $18.00 target price on the stock. SunTrust Banks started coverage on shares of FireEye in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $15.00 target price on the stock. TheStreet raised shares of FireEye from a “d+” rating to a “c-” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. set a $20.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. FireEye presently has an average rating of “Buy” and an average target price of $18.42.
Several institutional investors have recently added to or reduced their stakes in FEYE. Oakworth Capital Inc. purchased a new position in shares of FireEye in the second quarter valued at approximately $26,000. Whittier Trust Co. lifted its position in shares of FireEye by 1,533.3% during the 3rd quarter. Whittier Trust Co. now owns 2,450 shares of the information security company’s stock valued at $33,000 after acquiring an additional 2,300 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of FireEye during the 3rd quarter valued at $74,000. Enterprise Trust & Investment Co acquired a new position in shares of FireEye during the 2nd quarter valued at $89,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of FireEye during the 2nd quarter valued at $95,000. Institutional investors own 71.10% of the company’s stock.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.
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