FireEye Inc. [NASDAQ: FEYE] loss -0.46% or -0.09 points to close at $19.67 with a heavy trading volume of 5384757 shares. The company report on March 25, 2021 that FireEye Recognized by Leading Independent Research Firm As a Strong Performer for Managed Detection & Response Service.
FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced that it was recognized as a strong performer in the Forrester Research, Inc. report: “The Forrester WaveTM: Managed Detection and Response, Q1 2021.”.
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According to the Forrester report, “Mandiant Managed Defense — and its various iterations — is considered one of the first, if not the first, iterations of MDR that existed. That legacy remains in the service and for good reason.”.
It opened the trading session at $19.79, the shares rose to $20.04 and dropped to $19.275, the range by which the price of stock traded the whole day. The daily chart for FEYE points out that the company has recorded 57.11% gains over the past six months. However, it is still -111.96% lower than its most recent low trading price.
If we look at the average trading volume of 5.60M shares, FEYE reached to a volume of 5384757 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about FireEye Inc. [FEYE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FEYE shares is $22.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FEYE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for FireEye Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 04, 2021. The new note on the price target was released on December 21, 2020, representing the official price target for FireEye Inc. stock. Previously, the target price had yet another raise to $17, while Barclays analysts kept a Underweight rating on FEYE stock. On July 29, 2020, analysts increased their price target for FEYE shares from 12.50 to 15.
The Average True Range (ATR) for FireEye Inc. is set at 0.90, with the Price to Sales ratio for FEYE stock in the period of the last 12 months amounting to 5.01. The Price to Book ratio for the last quarter was 6.15, with the Price to Cash per share for the same quarter was set at 5.43. Price to Free Cash Flow for FEYE in the course of the last twelve months was 68.72 with Quick ratio for the last quarter at 2.10.
Trading performance analysis for FEYE stock
FireEye Inc. [FEYE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.20. With this latest performance, FEYE shares gained by 1.55% in over the last four-week period, additionally plugging by 57.11% over the last 6 months – not to mention a rise of 66.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FEYE stock in for the last two-week period is set at 44.98, with the RSI for the last a single of trading hit 43.32, and the three-weeks RSI is set at 46.58 for FireEye Inc. [FEYE]. The present Moving Average for the last 50 days of trading for this stock 20.72, while it was recorded at 19.95 for the last single week of trading, and 16.25 for the last 200 days.
FireEye Inc. [FEYE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and FireEye Inc. [FEYE] shares currently have an operating margin of -13.63 and a Gross Margin at +62.66. FireEye Inc.’s Net Margin is presently recorded at -22.04.
Return on Total Capital for FEYE is now -6.49, given the latest momentum, and Return on Invested Capital for the company is -10.90. Return on Equity for this stock declined to -22.59, with Return on Assets sitting at -6.76. When it comes to the capital structure of this company, FireEye Inc. [FEYE] has a Total Debt to Total Equity ratio set at 89.87. Additionally, FEYE Total Debt to Total Capital is recorded at 47.33, with Total Debt to Total Assets ending up at 31.40. Long-Term Debt to Equity for the company is recorded at 136.87, with the Long-Term Debt to Total Capital now at 46.59.
Reflecting on the efficiency of the workforce at the company, FireEye Inc. [FEYE] managed to generate an average of -$60,971 per employee. Receivables Turnover for the company is 5.79 with a Total Asset Turnover recorded at a value of 0.31.FireEye Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.
FireEye Inc. [FEYE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, FireEye Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FEYE.
An analysis of insider ownership at FireEye Inc. [FEYE]
There are presently around $3,867 million, or 92.10% of FEYE stock, in the hands of institutional investors. The top three institutional holders of FEYE stocks are: VANGUARD GROUP INC with ownership of 20,705,540, which is approximately 3.041% of the company’s market cap and around 2.10% of the total institutional ownership; ALLIANZ ASSET MANAGEMENT GMBH, holding 15,792,409 shares of the stock with an approximate value of $310.64 million in FEYE stocks shares; and CLEARBRIDGE INVESTMENTS, LLC, currently with $285.95 million in FEYE stock with ownership of nearly -5.729% of the company’s market capitalization.
Positions in FireEye Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 176 institutional holders increased their position in FireEye Inc. [NASDAQ:FEYE] by around 39,718,969 shares. Additionally, 160 investors decreased positions by around 26,073,729 shares, while 51 investors held positions by with 130,791,927 shares. The mentioned changes placed institutional holdings at 196,584,625 shares, according to the latest SEC report filing. FEYE stock had 83 new institutional investments in for a total of 12,302,144 shares, while 49 institutional investors sold positions of 6,143,157 shares during the same period.