Somewhat Positive Media Coverage Somewhat Unlikely to Affect FireEye (FEYE) Stock Price
News articles about FireEye (NASDAQ:FEYE) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FireEye earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the information security company an impact score of 44.7525358504461 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Why FireEye, Inc. Could Be a Gold Mine for Growth Investors – Madison.com (host.madison.com)
- Northland Securities Reiterates $22.00 Price Target for FireEye, Inc. (FEYE) (americanbankingnews.com)
- FireEye, Inc. (FEYE)- Stocks Shining Bright on Wall Street – NASDAQ Times (nasdaqtimes.com)
- Apple Inc. (NASDAQ:AAPL) Pre-market: 156.28 -0.27 (-0.17%) #GoogleFinance (4-traders.com)
- FireEye, Inc. (FEYE) Earns Hold Rating from Cowen and Company (americanbankingnews.com)
A number of brokerages recently issued reports on FEYE. Northland Securities set a $22.00 price target on FireEye and gave the stock a “buy” rating in a research report on Thursday, October 12th. Cowen and Company restated a “hold” rating and issued a $15.00 price target on shares of FireEye in a research report on Thursday, October 12th. BMO Capital Markets restated a “hold” rating and issued a $17.00 price target on shares of FireEye in a research report on Thursday, October 5th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $23.00 price target on shares of FireEye in a research report on Monday, September 18th. Finally, Standpoint Research downgraded FireEye from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.13.
FireEye (NASDAQ:FEYE) opened at 17.00 on Tuesday. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The firm has a 50-day moving average price of $16.57 and a 200 day moving average price of $14.95. The stock’s market cap is $3.10 billion.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same quarter last year, the company earned ($0.33) EPS. FireEye’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that FireEye will post ($0.21) EPS for the current fiscal year.
In other news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the sale, the executive vice president now owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $17.50, for a total value of $202,212.50. Following the sale, the president now directly owns 508,210 shares in the company, valued at approximately $8,893,675. The disclosure for this sale can be found here. Insiders have sold a total of 194,884 shares of company stock worth $3,210,523 in the last three months. Corporate insiders own 2.40% of the company’s stock.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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