FireEye (FEYE) Getting Somewhat Favorable Media Coverage, Analysis Finds

Media headlines about FireEye (NASDAQ:FEYE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FireEye earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the information security company an impact score of 45.0852057896792 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have weighed in on FEYE. BMO Capital Markets reissued a “hold” rating and set a $17.00 price objective on shares of FireEye in a report on Thursday, October 5th. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.50 price target on shares of FireEye in a report on Tuesday, September 26th. Bank of America Corporation lifted their price target on shares of FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 25th. Finally, Vetr raised shares of FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 price target for the company in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.95.

Shares of FireEye (FEYE) opened at 17.51 on Wednesday. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00. The company has a 50 day moving average of $16.26 and a 200-day moving average of $14.85. The company’s market capitalization is $3.19 billion.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same period in the prior year, the company posted ($0.33) EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that FireEye will post ($0.21) EPS for the current fiscal year.

In other FireEye news, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,884 shares of company stock worth $3,210,523. Corporate insiders own 2.40% of the company’s stock.

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About FireEye

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

Insider Buying and Selling by Quarter for FireEye (NASDAQ:FEYE)

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