FireEye (FEYE): Price Target and June Short Interest Disclosure

FireEye (FEYE) : Currently there are 15 street experts covering FireEye (FEYE) stock. The most bullish and bearish price target for the stock is $36 and $16 respectively for the short term. The average price target of all the analysts comes to $23.53. The estimated standard deviation from the target is $6.44.

FireEye (FEYE) reported a drop of 3.3% or 681,138 shares in its short interest. The short figure came in at 13.6% of the total floats. The average daily volume of 5,695,465 shares suggests that the days to cover 20,000,640 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 20,681,778 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


FireEye (NASDAQ:FEYE): On Thursdays trading session , Opening price of the stock was $17.02 with an intraday high of $17.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.47. However, the stock managed to close at $16.55, a loss of 1.66% for the day. On the previous day, the stock had closed at $16.83. The total traded volume of the day was 5,991,648 shares.

FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Companys cybersecurity solutions combine its virtual-machine technology, threat intelligence and security in a suite of products and services. Its virtual machine-based technology delivers detection and prevention, and to provide real-time protection to enterprises and governments across the world. Its cybersecurity platform includes a family of software-based appliances, cloud-based subscription services, support and maintenance and other services. Its threat prevention appliance families address vectors of attack: Web, email, file, endpoint and mobile. It operates throughout the United States and various international locations, including Australia, Dubai, India, Ireland, Japan, South Korea, Singapore, Taiwan, Turkey and the United Kingdom. Its marketing team consists of corporate marketing, channel marketing, account/lead development, operations and corporate communications.

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