FireEye Inc (NASDAQ:FEYE) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 26,623,922 shares, an increase of 21.4% from the September 28th total of 21,934,515 shares. Approximately 14.1% of the shares of the stock are short sold. Based on an average trading volume of 5,618,721 shares, the days-to-cover ratio is presently 4.7 days.

FEYE has been the topic of several research reports. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 8th. Piper Jaffray Companies upgraded FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Monday, July 9th. Robert W. Baird initiated coverage on FireEye in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $22.00 target price on the stock. ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, BidaskClub upgraded FireEye from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. FireEye presently has an average rating of “Buy” and a consensus price target of $19.72.

Shares of FireEye stock opened at $16.97 on Friday. FireEye has a one year low of $13.40 and a one year high of $19.36. The company has a market cap of $3.39 billion, a P/E ratio of -15.57 and a beta of 0.39. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.01. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The firm had revenue of $203.00 million for the quarter, compared to the consensus estimate of $201.54 million. During the same quarter last year, the business posted ($0.04) earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts predict that FireEye will post -0.79 earnings per share for the current year.

In other news, EVP William T. Robbins sold 1,409 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $18.01, for a total value of $25,376.09. Following the transaction, the executive vice president now owns 324,444 shares in the company, valued at $5,843,236.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Travis M. Reese sold 3,201 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $46,286.46. Following the completion of the transaction, the president now owns 715,060 shares in the company, valued at approximately $10,339,767.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,820 shares of company stock worth $931,071. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. lifted its position in FireEye by 100.0% during the second quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock worth $92,346,000 after buying an additional 3,000,051 shares in the last quarter. Fisher Asset Management LLC raised its position in FireEye by 41.4% in the third quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock valued at $54,605,000 after purchasing an additional 939,932 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in FireEye by 4.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,421,230 shares of the information security company’s stock valued at $41,160,000 after purchasing an additional 100,995 shares during the period. Renaissance Technologies LLC raised its position in FireEye by 20.2% in the second quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock valued at $33,711,000 after purchasing an additional 368,666 shares during the period. Finally, First Trust Advisors LP raised its position in FireEye by 13.0% in the third quarter. First Trust Advisors LP now owns 1,518,548 shares of the information security company’s stock valued at $25,815,000 after purchasing an additional 174,727 shares during the period. Hedge funds and other institutional investors own 70.03% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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