What’s Propelling FireEye, Inc. (FEYE) to Reach 52-Week High?

April 16, 2018 - By Duane Lopez

FireEye, Inc. (NASDAQ:FEYE) Logo

Investors sentiment decreased to 1.15 in Q4 2017. Its down 0.09, from 1.24 in 2017Q3. It turned negative, as 36 investors sold FireEye, Inc. shares while 66 reduced holdings. 31 funds opened positions while 86 raised stakes. 116.96 million shares or 2.52% less from 119.98 million shares in 2017Q3 were reported.
Cobblestone Advsrs Lc Ny reported 0.02% in FireEye, Inc. (NASDAQ:FEYE). Two Sigma Limited Liability Company holds 16,132 shares. Lpl Fincl Ltd Co has invested 0% of its portfolio in FireEye, Inc. (NASDAQ:FEYE). Swiss Bancorp holds 279,200 shares or 0% of its portfolio. Colorado-based Employees Retirement Association Of Colorado has invested 0% in FireEye, Inc. (NASDAQ:FEYE). 10,019 are owned by Ahl Prtn Ltd Liability Partnership. Great West Life Assurance Can owns 22,551 shares. Parallax Volatility Advisers Ltd Partnership has invested 0% in FireEye, Inc. (NASDAQ:FEYE). Kennedy Capital Mngmt stated it has 524,196 shares. Whittier Trust has 150 shares. California Employees Retirement Sys reported 363,900 shares or 0.01% of all its holdings. One Trading L P owns 86,101 shares for 0.01% of their portfolio. Blackrock holds 0.01% or 7.58 million shares. Focused Wealth Inc accumulated 375 shares or 0% of the stock. Barclays Public Ltd invested 0.01% in FireEye, Inc. (NASDAQ:FEYE).

Since February 16, 2018, it had 0 insider buys, and 4 selling transactions for $5.90 million activity. On Friday, February 16 King Alexa sold $1.77M worth of FireEye, Inc. (NASDAQ:FEYE) or 108,565 shares. $1.83 million worth of FireEye, Inc. (NASDAQ:FEYE) shares were sold by Mandia Kevin R.. VERDECANNA FRANK sold $548,803 worth of stock or 33,878 shares.

The stock of FireEye, Inc. (NASDAQ:FEYE) hit a new 52-week high and has $19.56 target or 3.00 % above today’s $18.99 share price. The 5 months bullish chart indicates low risk for the $3.64 billion company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $19.56 price target is reached, the company will be worth $109.14M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.50% or $0.28 during the last trading session, reaching $18.99. About 782,157 shares traded. FireEye, Inc. (NASDAQ:FEYE) has risen 34.55% since April 16, 2017 and is uptrending. It has outperformed by 23.00% the S&P500.

Analysts await FireEye, Inc. (NASDAQ:FEYE) to report earnings on May, 1. They expect $-0.27 EPS, up 20.59 % or $0.07 from last year’s $-0.34 per share. After $-0.21 actual EPS reported by FireEye, Inc. for the previous quarter, Wall Street now forecasts 28.57 % negative EPS growth.

FireEye, Inc. (NASDAQ:FEYE) Ratings Coverage

Among 12 analysts covering FireEye Inc (NASDAQ:FEYE), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. FireEye Inc has $23.0 highest and $16.0 lowest target. $19.56’s average target is 3.00% above currents $18.99 stock price. FireEye Inc had 17 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was upgraded by Dougherty to “Buy” on Thursday, November 2. Oppenheimer maintained FireEye, Inc. (NASDAQ:FEYE) rating on Thursday, February 8. Oppenheimer has “Buy” rating and $22.0 target. Stephens maintained the stock with “Buy” rating in Friday, February 9 report. Cowen & Co maintained the stock with “Hold” rating in Friday, February 9 report. On Thursday, February 8 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, November 1. Barclays Capital maintained FireEye, Inc. (NASDAQ:FEYE) rating on Friday, February 9. Barclays Capital has “Equal-Weight” rating and $17 target. The rating was maintained by Oppenheimer on Thursday, October 19 with “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, March 28 report. The stock of FireEye, Inc. (NASDAQ:FEYE) earned “Buy” rating by Stifel Nicolaus on Thursday, February 8.

FireEye, Inc. provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. The company has market cap of $3.64 billion. The firm provides vector-specific appliance and cloud solutions detect and block known and unknown cyber-attacks. It currently has negative earnings. It offers threat detection and prevention solutions, including network security products; email security solutions; endpoint security solutions; and content security products; and security management and orchestration products, such as Central Management System, FireEye Security Orchestrator, Threat Analytics Platform; Malware Analysis series of appliances; and Enterprise Forensics series of appliances.

FireEye, Inc. (NASDAQ:FEYE) Institutional Positions Chart

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