Trading Report: Today, FireEye Inc. (FEYE) Short Interest Update

Today, FireEye Inc. (FEYE) Short Interest Update

FireEye Inc. (NASDAQ:FEYE) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 25,806,528 shares, a decline of 4.8% from the October 31st total of 27,116,884 shares. Based on an average trading volume of 7,420,322 shares, the days-to-cover ratio is presently 3.5 days. Currently, 17.2% of the company’s shares are sold short.

FireEye (NASDAQ:FEYE) opened at 12.92 on Tuesday. The company’s market capitalization is $2.21 billion. FireEye has a 52-week low of $10.87 and a 52-week high of $22.93. The firm has a 50-day moving average of $12.88 and a 200 day moving average of $14.76.

FireEye (NASDAQ:FEYE) last posted its earnings results on Thursday, November 3rd. The information security company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.13. The business had revenue of $186.40 million for the quarter, compared to the consensus estimate of $42.65 million. FireEye had a negative net margin of 77.67% and a negative return on equity of 44.91%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.37) EPS. Equities analysts predict that FireEye will post ($1.14) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FEYE. Prudential Financial Inc. acquired a new position in FireEye during the first quarter worth approximately $357,000. Geode Capital Management LLC increased its position in FireEye by 3.7% in the first quarter. Geode Capital Management LLC now owns 904,915 shares of the information security company’s stock worth $16,278,000 after buying an additional 32,300 shares during the period. LPL Financial LLC increased its position in FireEye by 55.1% in the first quarter. LPL Financial LLC now owns 75,799 shares of the information security company’s stock worth $1,324,000 after buying an additional 26,936 shares during the period. Babson Capital Management LLC increased its position in FireEye by 130.7% in the first quarter. Babson Capital Management LLC now owns 51,900 shares of the information security company’s stock worth $934,000 after buying an additional 29,400 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in FireEye by 35.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,386 shares of the information security company’s stock worth $492,000 after buying an additional 7,209 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on FEYE. Goldman Sachs Group Inc. cut shares of FireEye from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $15.00 to $11.00 in a research report on Tuesday, November 22nd. Imperial Capital restated an “in-line” rating and issued a $15.00 price objective on shares of FireEye in a research report on Friday, November 11th. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, November 9th. Raymond James Financial Inc. restated a “market perform” rating on shares of FireEye in a research report on Monday, November 7th. Finally, William Blair restated a “market perform” rating on shares of FireEye in a research report on Sunday, November 6th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. FireEye presently has a consensus rating of “Hold” and an average target price of $20.15.

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