The Manufacturers Life Insurance Company grew its stake in FireEye by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company's stock valued at $141,000 after acquiring an additional 1,252 shares in the last quarter.
Several hedge funds have recently modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new stake in FireEye during the 3rd quarter valued at $129,000. UBS Asset Management Americas Inc. raised its holdings in shares of FireEye by 7.8% in the 4th quarter. Exane Derivatives purchased a new position in FireEye during the third quarter worth about $168,000. In the most recent quarterly financial report, for the quarter ending Sep. Teacher Retirement System of Texas now owns 12,925 shares of the information security company's stock valued at $197,000 after buying an additional 670 shares in the last quarter. It would take bears more than seven sessions to cover the 22.14 million FEYE shares sold short, at the average pace of trading, meaning a short-covering rally could create tailwinds for the stock. The fund purchased 52,580 shares of the information security company's stock, valued at approximately $800,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Fireeye Inc (NASDAQ:FEYE) has an ABR of 2.28 which is the combined stock view of 18 analysts poll results.
Zacks Investment Research upgraded shares of FireEye (NASDAQ:FEYE) from a sell rating to a hold rating in a research report sent to investors on Tuesday, January 16th. KeyCorp restated a hold rating on shares of FireEye in a research note on Friday, October 27th. Oppenheimer restated a buy rating and set a $23.00 price objective on shares of FireEye in a research report on Monday, September 18th.
Evercore ISI set a $20.00 price objective on FireEye (NASDAQ:FEYE) in a research report sent to investors on Friday. SELL rating has been given by 0 analyst (s) and 7 analyst (s) given BUY rating to the stock. Analyst's mean target price for FEYE is $17.09 while analysts mean recommendation is 2.40.
Shares of FireEye (FEYE) traded up $1.32 during trading hours on Friday, reaching $15.44. FireEye Inc has a twelve month low of $10.35 and a twelve month high of $18.00. This public company's current market capitalization stands at $2.68 billion.
On an earnings call transcribed by Seeking Alpha, FireEye CEO Kevin Mandia said: "In February 2017 we said FireEye was committed to achieving non-GAAP operating profitability in the fourth quarter and a return to growth by the end of the year; I'm proud to tell you we accomplished what we said we would do".
For its fiscal 2018, the company predicts that it will earn up to four cents per share on an adjusted basis, ahead of the Wall Street consensus estimate of a loss of two cents per share. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%.
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.
WARNING: "Essex Investment Management Co".
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