FireEye Inc (NASDAQ:FEYE) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 17,940,000 shares, a decrease of 8.1% from the September 30th total of 19,530,000 shares. Based on an average daily volume of 3,570,000 shares, the short-interest ratio is presently 5.0 days. Approximately 8.6% of the shares of the company are sold short.
A number of research analysts recently weighed in on the stock. TheStreet upgraded shares of FireEye from a “d+” rating to a “c-” rating in a research report on Tuesday, October 29th. BidaskClub downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating in a research report on Monday. Oppenheimer set a $19.00 price target on shares of FireEye and gave the stock a “buy” rating in a research report on Wednesday, July 31st. William Blair reiterated a “buy” rating on shares of FireEye in a research report on Wednesday, October 9th. Finally, Robert W. Baird set a $23.00 price target on shares of FireEye and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.42.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new position in shares of FireEye in the 2nd quarter worth $26,000. Whittier Trust Co. grew its stake in shares of FireEye by 1,533.3% in the 3rd quarter. Whittier Trust Co. now owns 2,450 shares of the information security company’s stock worth $33,000 after buying an additional 2,300 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of FireEye in the 3rd quarter worth $74,000. Enterprise Trust & Investment Co purchased a new position in shares of FireEye in the 2nd quarter worth $89,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of FireEye in the 2nd quarter worth $95,000. 72.24% of the stock is owned by institutional investors.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, October 29th. The information security company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $225.91 million for the quarter, compared to the consensus estimate of $220.09 million. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities research analysts expect that FireEye will post -0.62 EPS for the current fiscal year.
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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