FireEye Stock Puts the Squeeze on Shorts After Earnings

FireEye Stock Puts the Squeeze on Shorts After Earnings

Finally, Evercore ISI set a $20.00 price objective on FireEye and gave the company a buy rating in a research report on Sunday, October 15th.

Fireeye Inc (NASDAQ:FEYE) has an ABR of 2.28 which is the combined stock view of 18 analysts poll results.

2/9/2018-Susquehanna Bancshares Upgrade from a "Neutral " rating to a " Positive" rating.

On 10/10/2017 Alexa King, EVP, sold 25,000 with an average share price of $18.00 per share and the total transaction amounting to $450,000.00. Stephens reiterated a "buy" rating and issued a $23.00 target price on shares of FireEye in a report on Friday. BMO Capital Markets decreased their price target on shares of FireEye from $17.00 to $16.00 and set a market perform rating for the company in a research note on Thursday, November 2nd. Wedbush reiterated a "positive" rating and issued a $14.12 target price (down from $16.00) on shares of FireEye in a report on Friday.

Shares of FireEye (NASDAQ:FEYE) traded up $1.32 during midday trading on Friday, reaching $15.44. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company's stock valued at $104,000 after acquiring an additional 3,607 shares in the last quarter. FireEye has a one year low of $10.35 and a one year high of $18.00. This company shares are 21.03% off its target price of $17.09 and the current market capitalization stands at $2.67B.

Analysts are expecting average earnings estimates of $-0.01 for the current quarter based on the opinion of 27 analysts, relating to high earnings per share estimates of $0 and low estimates of $-0.06, however Fireeye Inc (NASDAQ:FEYE) reported $-0.03 earnings per share for the same quarter previous year. The information security company reported $0.01 EPS for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.02, Bloomberg Earnings reports. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%. The company had revenue of $202.30 million during the quarter, compared to the consensus estimate of $193.74 million.

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The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -6.69%, and has a solid year to date (YTD) performance of -0.56% which means that the stock is constantly adding to its value from the previous fiscal year end price. The company's revenue was up 9.5% compared to the same quarter last year. sell-side analysts predict that FireEye Inc will post -1.07 earnings per share for the current fiscal year.

FireEye, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Codd Ronald E F has sold 6,767 shares of FireEye, Inc. Following the transaction, the director now owns 7,099 shares of the company's stock, valued at $96,333.43.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cutter & CO Brokerage Inc. lifted its position in shares of FireEye by 1.4% during the 2nd quarter. The Stock now has a Weekly Volatility of 4.84% and Monthly Volatility of 3.31%. Wealthcare Advisory Partners LLC purchased a new position in FireEye during the third quarter worth about $129,000. Finally, WFG Advisors LP lifted its position in shares of FireEye by 2.3% during the 1st quarter. The fund bought 20,759 shares of the information security company's stock, valued at approximately $295,000.

President, Reese Travis M., sold 88,445 common shares of FireEye, Inc.

FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company's stock valued at $141,000 after buying an additional 1,252 shares in the last quarter.

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