Also, insider Ashar Aziz sold 188,434 shares of the stock in a transaction that occurred on Wednesday, July 15th.
FireEye (NASDAQ:FEYE) last released its earnings results on Thursday, April 30th.
DeWalt said it was natural for a startup CFO to leave once a company’s market value reaches $1 billion and investors should not worry. FireEye is cut by oTR Worldwide on Friday to some favorable evaluation in a study report. The deal was revealed in a filing with the Securities & Trade Commission, which may be accessed through this hyperlink. During the same quarter in the previous year, the company posted ($0.53) EPS.
Shares are down $2.46, or over 5%, at $45.30, in late trading. Citigroup Inc. cut FireEye to a “hold” rating in a report on Thursday, July 16th. The company earned $125.40 million during the quarter, compared to the consensus estimate of $120.56 million. The shares were sold at an average price of $48.74, for a total transaction of $146,220.00. The 1 year high for the share price is 55.33 Dollars while the 52 week low for the share price is 24.81 USD. The stock is now up $2.48, or 16.23%, to $17.76 on 1.01 million shares. The disclosure for this particular sale may be located here.
Out of 21 analysts covering FireEye, 14 rate it a Buy, 18 indicate a Hold while 0 suggest a Sell. The firm’s revenue for the quarter was up 69.5% on a year-over-year basis. Dougherty & Co started coverage on FireEye in an investigation report on Monday, July 13th. Finally, Vetr upgraded FireEye from a buy rating to a strong-buy rating and set a $56.11 price objective on the stock in a report on Tuesday, July 7th. The company’s 50 day moving average price is $49.53 and its 200-day moving average price is $43.32. Our strong second quarter billings and revenue performance resulted in improved operating leverage and operating cash flow of more than $39 million, giving us the confidence to raise our outlook and accelerate our anticipated timeline for achieving positive annual operating cash flow.
FireEye Inc NASDAQ:FEYE provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. Its virtual machine-based technology delivers detection and prevention, and to provide real-time protection to enterprises and governments across the world. Its engineering strategy signifies a paradigm shift from how it (NASDAQ:FEYE) security was conducted since the first days of the it industry.
The short interest in FireEye, Inc. Its threat prevention appliance families address vectors of attack: Web, email, file, endpoint and mobile.