Somewhat Favorable News Coverage Somewhat Unlikely to Affect FireEye (FEYE) Stock Price

News articles about FireEye (NASDAQ:FEYE) have trended somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FireEye earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the information security company an impact score of 44.8436178190708 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently issued reports on FEYE. Cowen reiterated a “hold” rating and set a $15.00 price target on shares of FireEye in a report on Thursday, October 12th. Northland Securities set a $22.00 price target on FireEye and gave the company a “buy” rating in a report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of FireEye in a report on Thursday, October 5th. Oppenheimer restated a “buy” rating and issued a $23.00 target price on shares of FireEye in a report on Monday, September 18th. Finally, Standpoint Research lowered FireEye from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a report on Monday, September 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.22.

Shares of FireEye (NASDAQ:FEYE) traded down $0.05 during mid-day trading on Friday, hitting $14.20. The stock had a trading volume of 2,344,423 shares, compared to its average volume of 5,219,745. The company has a quick ratio of 1.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.00. FireEye has a 12 month low of $10.35 and a 12 month high of $18.00. The company has a market capitalization of $2,620.00, a PE ratio of -8.55 and a beta of 0.52.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The business had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts forecast that FireEye will post -1.07 earnings per share for the current year.

In other news, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The disclosure for this sale can be found here. Insiders have sold 120,212 shares of company stock worth $2,089,616 in the last ninety days. 2.40% of the stock is currently owned by insiders.

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FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

Insider Buying and Selling by Quarter for FireEye (NASDAQ:FEYE)

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