FireEye Sees Large Increase in Short Interest (FEY
Post# of 247
August 14th, 2015
by Samantha Reynolds
Shares of FireEye (NASDAQ:FEYE) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 18,561,173 shares, a growth of 6.6% from the July 15th total of 17,411,190 shares, Marketbeat.com reports. Based on an average daily volume of 6,999,078 shares, the days-to-cover ratio is currently 2.7 days. Currently, 15.0% of the shares of the stock are short sold.
In other FireEye news, insider Ashar Aziz sold 188,434 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $49.23, for a total transaction of $9,276,605.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. F. Codd sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $48.74, for a total transaction of $146,220.00. The disclosure for this sale can be found here.
Several analysts have recently commented on FEYE shares. Deutsche Bank restated a “hold” rating and set a $44.00 price target on shares of FireEye in a research report on Tuesday. Zacks lowered shares of FireEye from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Citigroup Inc. lowered their price target on shares of FireEye from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of FireEye in a research note on Sunday, August 2nd. Finally, Barclays reissued an “equal weight” rating and set a $56.00 price target on shares of FireEye in a research note on Sunday, August 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $51.66.
Shares of FireEye (NASDAQ:FEYE) opened at 43.01 on Friday. The company’s market capitalization is $6.86 billion. FireEye has a 1-year low of $24.81 and a 1-year high of $55.33. The firm’s 50 day moving average price is $46.84 and its 200-day moving average price is $43.98.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, July 30th. The information security company reported ($0.41) earnings per share (EPS) for the quarter, topping the analysts’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $147.20 million for the quarter, compared to the consensus estimate of $143.12 million. Analysts expect that FireEye will post ($1.73) EPS for the current year.
FireEye, Inc. supplies cybersecurity solution for discovering, preventing and solving cyberattacks. The Company’s cybersecurity options join its virtual machine technology, threat intelligence and security in a suite of services and products. Its virtual machine-based technology delivers detection and prevention, and to supply real-time protection to enterprises and governments across the world. Its cybersecurity platform carries a family of software-based appliances, cloud-based support subscription services and maintenance as well as other services. Its hazard prevention appliance families address vectors of attack: endpoint, e-mail, file, Web and mobile. It runs throughout the USA and various international locations, including Taiwan, Singapore, Australia, Dubai, India, Ireland, Japan, South Korea, Turkey and the UK. Its marketing team consists of corporate advertising, channel marketing, account/ corporate communications, operations and lead development.
http://www.dakotafinancialnews.com/fireeye-se...ye/355597/