FireEye Inc. (FEYE) Analysis & Forecast for January 2021

FireEye Inc. (NASDAQ: FEYE) is -5.20% lower on its value in year-to-date trading and has touched a low of $7.54 and a high of $25.53 in the current 52-week trading range. The FEYE stock was last observed hovering at around $23.06 in the last trading session, with the day’s loss setting it -1.2% off its average median price target of $17.00 for the next 12 months. It is also 0.64% off the consensus price target high of $22.00 offered by 18 analysts, but current levels are -56.14% lower than the price target low of $14.00 for the same period.

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Currently trading at $21.86, the stock is 21.78% and 37.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.53 million and changing -5.20% at the moment leaves the stock 62.64% off its SMA200. FEYE registered 27.02% gain for a year compared to 6-month gain of 78.38%. The firm has a 50-day simple moving average (SMA 50) of $16.81 and a 200-day simple moving average (SMA200) of $14.39.

The stock witnessed a 43.63% loss in the last 1 month and extending the period to 3 months gives it a 76.58%, and is -2.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.86% over the week and 7.41% over the month.

FireEye Inc. (FEYE) has around 3400 employees, a market worth around $5.02B and $928.20M in sales. Fwd P/E is 61.75. Profit margin for the company is -23.50%. Distance from 52-week low is 189.92% and -14.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.60%).

FireEye Inc. (FEYE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for FireEye Inc. (FEYE) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.50, where 9 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

FireEye Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $239.82M over the same period.The EPS is expected to grow by 2.50% this year, but quarterly earnings will post 5.00% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.

FireEye Inc. (FEYE) Top Institutional Holders

404 institutions hold shares in FireEye Inc. (FEYE), with 5.17M shares held by insiders accounting for 2.29% while institutional investors hold 92.19% of the company’s shares. The shares outstanding are 224.81M, and float is at 224.37M with Short Float at 10.94%. Institutions hold 90.09% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 20.09 million shares valued at $248.07 million. The investor’s holdings represent 8.82% of the FEYE Shares outstanding. As of Sep 29, 2020, the second largest holder is ClearBridge Investments, LLC with 15.42 million shares valued at $190.37 million to account for 6.77% of the shares outstanding. The other top investors are Shapiro Capital Management Company, Inc. which holds 14.7 million shares representing 6.45% and valued at over $181.41 million, while FMR, LLC holds 5.37% of the shares totaling 12.23 million with a market value of $151.02 million.

FireEye Inc. (FEYE) Insider Activity

The most recent transaction is an insider sale by King Alexa, the company’s EVP and General Counsel. SEC filings show that King Alexa sold 50,000 shares of the company’s common stock on Dec 23 at a price of $24.00 per share for a total of $1.2 million. Following the sale, the insider now owns 0.31 million shares.

FireEye Inc. disclosed in a document filed with the SEC on Dec 21 that King Alexa (EVP and General Counsel) sold a total of 56,532 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $20.03 per share for $1.13 million. Following the transaction, the insider now directly holds 0.36 million shares of the FEYE stock.

Still, SEC filings show that on Dec 18, Robbins William T (EVP, CRO & GM Products) disposed off 100,000 shares at an average price of $17.71 for $1.77 million. The insider now directly holds 332,139 shares of FireEye Inc. (FEYE).

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FireEye Inc. (FEYE): Who are the competitors?

The company’s main competitors (and peers) include Check Point Software Technologies Ltd. (CHKP) that is trading 15.66% up over the past 12 months. HP Inc. (HPQ) is 17.44% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.81% from the last report on Nov 12, 2020 to stand at a total of 22.87 million short shares sold with a short interest ratio of 4.57.

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