FireEye Inc (FEYE) Posts Q4 Adj. Profit Ahead of Expectations

FireEye Inc (FEYE) Posts Q4 Adj. Profit Ahead of Expectations

A hedge fund recently raised its stake in FireEye stock. Wealthcare Advisory Partners LLC bought a new stake in FireEye during the 3rd quarter valued at $129,000. Resources Investment Advisors Inc. boosted its position in FireEye by 96.9% during the 4th quarter. 21,179,508 shares of the company traded hands, compared to its average volume of 3,800,000. Moors & Cabot Inc. increased its position in FireEye by 8.4% in the 2nd quarter.

FireEye's shares were up 13.2 percent in extended trading. Exane Derivatives purchased a new position in FireEye during the third quarter worth about $168,000. The firm owned 6,623 shares of the information security company's stock after buying an additional 1,528 shares during the quarter. Synovus Financial Corp raised its holdings in shares of FireEye by 775.3% in the 4th quarter.

Ownership at FireEye, Inc.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The fund purchased 52,580 shares of the information security company's stock, valued at approximately $800,000. The sale was disclosed in a filing with the SEC, which is available through this link.

Several analysts have released their opinion on FireEye, Inc. Susquehanna, for instance, upgraded the stock to "positive" from "neutral", and joined no fewer than five other brokerage firms in raising its price target. Wedbush reaffirmed a "neutral" rating and issued a $15.00 target price (up from $14.00) on shares of FireEye in a research report on Thursday, November 2nd. Oppenheimer decreased their price target on shares of FireEye from $23.00 to $22.00 and set an outperform rating for the company in a research note on Thursday, November 2nd. Finally, Evercore ISI set a $20.00 price objective on FireEye and gave the company a buy rating in a research report on Sunday, October 15th. FireEye now has an average rating of "Hold" and a consensus price target of $16.61.

Shares of FireEye Inc (NASDAQ:FEYE) opened at $14.12 on Friday. Stock value has moved between $10.38 - 18.1 in last one year. The company operates in the Technology sector with a market capitalization of 2.67 Million.

The company now has an insider ownership of 0.8 Percent and Institutional ownership of 70.1 Percent.

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When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate.

FireEye, Inc. (NASDAQ:FEYE) yearly performance is 28.25% and net profit margin is -39.30%.

The security-software company reported a fourth-quarter net loss of $77 million, or 42 cents a share, over the sales of $202.3 million, that is up from $184.7 million a year ago, after the desired adjustments, the company claimed profit of a penny a share. The company's quarterly revenue was up 9.5% on a year-over-year basis. analysts expect that FireEye will post -0.86 earnings per share for the current fiscal year.

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

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