FireEye, Inc. (FEYE) Stock Shoots 9% Higher on Upgrade

FireEye, Inc. (FEYE) Stock Shoots 9% Higher on Upgrade

(FEYE) where 0 analyst have rated the stock as Strong Buy, 0 analysts said it's a Buy, 0 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell.

Today, FireEye (NASDAQ:FEYE) stock received an upgrade by Bank of America Corp from Neutral to Buy with a price target of $18.00.

A number of other brokerages also recently weighed in on FEYE. The stock touched its high share price of $18.81 on Mar 22, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Mar 9, 2017 as $10.35.

If we look at stock performance in last active day trading, we see that stock has moved went down -0.34% to end the day at $47.21.

Ahead of its first trading day on the S&P 500 Index (SPX), AMD stock saw its price target raised to $12 at Susquehanna and to $16 at Jefferies. The mean price target is $13.77 (according to consensus of 17 analysts). Finally, Wedbush restated a "neutral" rating and issued a $11.00 target price on shares of FireEye in a research note on Thursday, February 16th. The Market Cap of the company stands at 107.9 Billion. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. That high comes in between the string of seven consecutive highs ($11.85 to $12.05) from February 14 through February 23. $1.77M worth of stock was sold by DEWALT DAVID G on Tuesday, January 3. Oppenheimer Holdings Inc. restated an "outperform" rating and set a $28.00 price target on shares of FireEye in a research note on Thursday, December 1st.

Considering the performance, FireEye, Inc.

On 2/16/2017 Kevin R Mandia, CEO, sold 32,783 with an average share price of $11.31 per share and the total transaction amounting to $370,775.73.

FireEye, Inc. (NASDAQ:FEYE) is expected to report revenue of $163.8 Million for the current quarter, according to consensus estimate of 27 analysts. Company's distance from 20 day simple moving average is -2.66% and distance from 50-Day simple moving average is -9.74%. FireEye had a negative net margin of 67.23% and a negative return on equity of 37.85%.

The Average Volume of the company is 4.57 Million, while the Relative Volume of the company is 0.69. The information security company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.16) by $0.13.

For the quarter ending 11/03/2016, The Analyst projected that the company could deliver EPS of -0.31 while the company provided its Actual EPS of -0.18 showing a difference of 0.13 Percent between the Estimated and Actual EPS. The business's revenue was up.0% compared to the same quarter past year. Equities research analysts anticipate that FireEye will post ($0.48) EPS for the current fiscal year. Handelsinvest Investeringsforvaltning now owns 54,000 shares of the information security company's stock valued at $795,000 after buying an additional 17,000 shares during the last quarter. Handelsinvest Investeringsforvaltning boosted its stake in shares of FireEye by 45.9% in the third quarter.

Hedge funds have recently bought and sold shares of the company. Finally, Moody Aldrich Partners LLC boosted its stake in shares of FireEye by 124.9% in the third quarter. Bank of Montreal Can now owns 10,093 shares of the information security company's stock worth $148,000 after buying an additional 213 shares in the last quarter.

FireEye, Inc. provides intelligence cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks.