FireEye (FEYE) has been under a strong bear grip, hence the stock is down -5.52% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 7.55% in the past 1 week. The stock has risen by 7.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.16% in the past 4 weeks.
FireEye, Inc. is up 11.97% in the last 3-month period. Year-to-Date the stock performance stands at -25.55%. The stock has recorded a 20-day Moving Average of 1.86% and the 50-Day Moving Average is 3.63%.
FireEye (NASDAQ:FEYE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.74 and $14.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.44, notching a gain of 3.97% for the day. The total traded volume was 8,324,642 . The stock had closed at $14.85 on the previous day.
Also, Equity Analysts at the Imperial Capital downgrades the rating on FireEye (NASDAQ:FEYE). The brokerage firm has issued a In-line rating on the shares. The shares were previously rated Outperform. The Analysts at the ratings agency lowers the price target from $25 per share to $15 per share. The rating by the firm was issued on August 9, 2016.
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.