FireEye Inc. (NASDAQ:FEYE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 27,116,884 shares, a growth of 8.6% from the October 14th total of 24,967,945 shares. Based on an average daily volume of 3,607,181 shares, the days-to-cover ratio is currently 7.5 days. Approximately 18.0% of the shares of the company are short sold.

FireEye (NASDAQ:FEYE) opened at 14.12 on Wednesday. FireEye has a 52 week low of $10.87 and a 52 week high of $23.82. The company has a 50-day moving average of $13.15 and a 200-day moving average of $14.82. The company’s market cap is $2.42 billion.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, November 3rd. The information security company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.13. The company earned $186.40 million during the quarter, compared to the consensus estimate of $42.65 million. FireEye had a negative return on equity of 44.91% and a negative net margin of 77.67%. FireEye’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned ($0.37) earnings per share. On average, equities analysts expect that FireEye will post ($1.13) EPS for the current year.

A number of brokerages have weighed in on FEYE. Wells Fargo & Co. reiterated a “market perform” rating and set a $15.00 target price (down previously from $16.50) on shares of FireEye in a research report on Friday, August 5th. Wunderlich reiterated a “hold” rating and set a $16.00 target price on shares of FireEye in a research report on Friday, November 4th. William Blair lowered shares of FireEye from an “outperform” rating to a “market perform” rating in a research report on Friday, August 5th. Imperial Capital lowered shares of FireEye from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $25.00 to $15.00 in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. lowered shares of FireEye from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $15.00 in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.34.

Hedge funds have recently modified their holdings of the company. Shapiro Capital Management LLC increased its stake in shares of FireEye by 51.7% in the third quarter. Shapiro Capital Management LLC now owns 13,846,454 shares of the information security company’s stock worth $203,958,000 after buying an additional 4,717,054 shares in the last quarter. Vanguard Group Inc. raised its stake in FireEye by 6.1% in the second quarter. Vanguard Group Inc. now owns 10,553,940 shares of the information security company’s stock worth $173,824,000 after buying an additional 608,009 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in FireEye by 4.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,800,325 shares of the information security company’s stock worth $55,979,000 after buying an additional 157,352 shares during the last quarter. Penserra Capital Management LLC raised its stake in FireEye by 23.7% in the third quarter. Penserra Capital Management LLC now owns 2,294,717 shares of the information security company’s stock worth $33,801,000 after buying an additional 440,060 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in FireEye by 41.9% in the second quarter. Calamos Advisors LLC now owns 1,887,759 shares of the information security company’s stock worth $31,091,000 after buying an additional 557,213 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.

5 Day Chart for NASDAQ:FEYE

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