FireEye (FEYE) Shares Gap Up to $19.85

Shares of FireEye Inc (NASDAQ:FEYE) gapped up prior to trading on Friday . The stock had previously closed at $19.34, but opened at $19.85. FireEye shares last traded at $20.01, with a volume of 4989051 shares.

A number of research firms recently weighed in on FEYE. BidaskClub raised FireEye from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Goldman Sachs Group set a $22.00 target price on FireEye and gave the company a “buy” rating in a report on Thursday, October 4th. Evercore ISI reaffirmed a “buy” rating and issued a $22.00 price target on shares of FireEye in a report on Thursday, August 23rd. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.27.

The company has a current ratio of 2.02, a quick ratio of 2.01 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -18.36 and a beta of 0.27.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $211.65 million during the quarter, compared to analysts’ expectations of $208.46 million. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.98%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. As a group, analysts predict that FireEye Inc will post -0.71 EPS for the current year.

In other FireEye news, EVP William T. Robbins sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $19.05, for a total value of $952,500.00. Following the sale, the executive vice president now owns 274,444 shares in the company, valued at $5,228,158.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William T. Robbins sold 1,409 shares of the stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total transaction of $25,376.09. Following the completion of the transaction, the executive vice president now owns 324,444 shares of the company’s stock, valued at $5,843,236.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,643 shares of company stock worth $1,862,222. 2.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. purchased a new stake in shares of FireEye in the 3rd quarter valued at approximately $114,000. Valeo Financial Advisors LLC raised its holdings in shares of FireEye by 166.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock valued at $119,000 after purchasing an additional 5,000 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of FireEye during the 3rd quarter valued at $122,000. Global X Management Co LLC bought a new position in shares of FireEye during the 2nd quarter valued at $131,000. Finally, Centaurus Financial Inc. acquired a new position in FireEye in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 68.97% of the company’s stock.

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FireEye Company Profile (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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