FireEye (FEYE) Trading Down 5.9%

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FireEye Inc (NASDAQ:FEYE) traded down 5.9% during trading on Wednesday . The stock traded as low as $15.44 and last traded at $15.46. 4,602,571 shares were traded during trading, an increase of 24% from the average session volume of 3,712,911 shares. The stock had previously closed at $16.43.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub downgraded shares of FireEye from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Evercore ISI restated a “buy” rating and issued a $22.00 target price on shares of FireEye in a research note on Thursday, August 23rd. Wedbush restated a “neutral” rating and issued a $16.00 target price on shares of FireEye in a research note on Thursday, August 2nd. Finally, UBS Group upped their target price on shares of FireEye from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.62.

The firm has a market cap of $3.01 billion, a PE ratio of -14.45 and a beta of 0.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.02 and a current ratio of 2.03.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The firm had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $201.54 million. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. research analysts predict that FireEye Inc will post -0.79 EPS for the current fiscal year.

In other FireEye news, EVP William T. Robbins sold 6,400 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the sale, the executive vice president now directly owns 359,444 shares of the company’s stock, valued at $5,197,560.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin R. Mandia sold 15,701 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $16.95, for a total transaction of $266,131.95. Following the sale, the chief executive officer now directly owns 3,103,942 shares in the company, valued at $52,611,816.90. The disclosure for this sale can be found here. Insiders sold 36,521 shares of company stock worth $567,189 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of FEYE. Valeo Financial Advisors LLC raised its holdings in shares of FireEye by 166.7% in the second quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock valued at $119,000 after buying an additional 5,000 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in shares of FireEye by 946.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after acquiring an additional 6,635 shares during the last quarter. Global X Management Co LLC bought a new position in shares of FireEye during the second quarter worth about $131,000. Asset Management One Co. Ltd. raised its position in shares of FireEye by 56.9% during the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after acquiring an additional 2,830 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of FireEye during the second quarter worth about $160,000. 70.00% of the stock is currently owned by institutional investors.

About FireEye (NASDAQ:FEYE)

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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