FireEye (FEYE) Receiving Somewhat Favorable News Coverage, Accern Reports
Press coverage about FireEye (NASDAQ:FEYE) has been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FireEye earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the information security company an impact score of 44.8834149096352 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- FireEye (FEYE) Upgraded to “Sell” by BidaskClub (americanbankingnews.com)
- FireEye, Inc., (NASDAQ: FEYE) – Active Mover – Stock Watch (stocksnewstimes.com)
- Active Mover: FireEye Inc (NASDAQ: FEYE) – Alpha Beta Stock (alphabetastock.com)
- The sentiment expressed by investors: FireEye, Inc. (FEYE), Cellect Biotechnology Ltd. (APOP) – Market Movers (financialqz.com)
- FireEye to Announce Fourth Quarter and Fiscal Year 2017 Financial Results February 8, 2018 (finance.yahoo.com)
FireEye (NASDAQ FEYE) opened at $15.11 on Friday. FireEye has a twelve month low of $10.35 and a twelve month high of $18.00. The firm has a market capitalization of $2,790.00, a price-to-earnings ratio of -9.10 and a beta of 0.52. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) earnings per share. analysts expect that FireEye will post -1.07 EPS for the current fiscal year.
FEYE has been the subject of a number of research reports. Stephens upgraded FireEye from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $22.00 in a research note on Monday, September 11th. Standpoint Research lowered FireEye from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a report on Monday, September 18th. They noted that the move was a valuation call. Oppenheimer reissued a “buy” rating and issued a $23.00 target price on shares of FireEye in a report on Monday, September 18th. Vetr raised FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 target price on the stock in a report on Monday, September 18th. Finally, Bank of America boosted their target price on FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 25th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.22.
In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the sale, the director now owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
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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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