FireEye Inc (NASDAQ:FEYE) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 17,940,000 shares, a drop of 8.1% from the September 30th total of 19,530,000 shares. Based on an average trading volume of 3,570,000 shares, the short-interest ratio is currently 5.0 days. Approximately 8.6% of the shares of the stock are short sold.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of FireEye by 5.5% in the second quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock valued at $269,407,000 after acquiring an additional 945,885 shares in the last quarter. First Trust Advisors LP grew its stake in shares of FireEye by 27.8% in the third quarter. First Trust Advisors LP now owns 2,238,934 shares of the information security company’s stock valued at $29,867,000 after buying an additional 486,491 shares in the last quarter. Renaissance Technologies LLC grew its stake in FireEye by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,112,600 shares of the information security company’s stock worth $31,288,000 after purchasing an additional 166,800 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in FireEye by 52.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 1,510,010 shares of the information security company’s stock worth $22,363,000 after purchasing an additional 520,487 shares in the last quarter. Finally, Northern Trust Corp grew its stake in FireEye by 1.1% during the 2nd quarter. Northern Trust Corp now owns 1,115,441 shares of the information security company’s stock worth $16,520,000 after purchasing an additional 12,165 shares in the last quarter. 71.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FEYE traded up $0.07 during mid-day trading on Friday, hitting $17.07. 2,132,700 shares of the stock were exchanged, compared to its average volume of 3,847,342. FireEye has a 52-week low of $12.66 and a 52-week 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 firm has a 50-day moving average of $15.33 and a two-hundred day moving average of $14.75. The company has a market cap of $3.68 billion, a PE ratio of -23.71 and a beta of 0.97.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, October 29th. The information security company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $225.91 million during the quarter, compared to analysts’ expectations of $220.09 million. FireEye had a negative return on equity of 20.06% and a negative net margin of 29.44%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. On average, sell-side analysts predict that FireEye will post -0.62 EPS for the current year.
Several research analysts have recently issued reports on FEYE shares. Bank of America set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wedbush cut their target price on shares of FireEye from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. BidaskClub upgraded shares of FireEye from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Robert W. Baird set a $23.00 target price on shares of FireEye and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Northland Securities restated a “buy” rating and issued a $19.00 target price on shares of FireEye in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.42.
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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