FireEye Inc (NASDAQ:FEYE) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 22,186,119 shares, a drop of 9.0% from the November 30th total of 24,372,597 shares. Based on an average daily volume of 2,810,026 shares, the days-to-cover ratio is currently 7.9 days. Approximately 12.8% of the shares of the company are short sold.

FireEye (NASDAQ FEYE) opened at $14.89 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. The firm has a market cap of $2,750.00, a P/E ratio of -8.97 and a beta of 0.52. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. sell-side analysts anticipate that FireEye will post -1.07 earnings per share for the current year.

In related news, EVP Alexa King sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the completion of the transaction, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Exencial Wealth Advisors LLC increased its holdings in shares of FireEye by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock valued at $233,000 after purchasing an additional 100 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of FireEye by 3.8% during the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock valued at $194,000 after purchasing an additional 469 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FireEye by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 216,202 shares of the information security company’s stock valued at $3,289,000 after purchasing an additional 682 shares in the last quarter. Comerica Bank increased its holdings in shares of FireEye by 1.1% during the 2nd quarter. Comerica Bank now owns 86,543 shares of the information security company’s stock valued at $1,380,000 after purchasing an additional 965 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of FireEye by 2.4% during the 2nd quarter. Zacks Investment Management now owns 44,073 shares of the information security company’s stock valued at $670,000 after purchasing an additional 1,034 shares in the last quarter. 68.33% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on FEYE. KeyCorp reaffirmed a “hold” rating on shares of FireEye in a research report on Friday, October 27th. Dougherty & Co raised shares of FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 2nd. Oppenheimer decreased their price objective on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. BMO Capital Markets decreased their price objective on shares of FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FireEye in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.22.

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About FireEye

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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