FireEye Inc (FEYE) is Downgraded by Goldman to Sell

FireEye Inc (FEYE) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on FireEye Inc. Shares were Downgraded by First Analysis Sec on Oct 24, 2016 to ” Underweight” and Lowered the Price Target to $ 11 from a previous price target of $15 .Company shares were Resumed by Wunderlich on Sep 13, 2016 to “Hold”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

On the company’s financial health, FireEye Inc reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.31. The company had revenue of $186.41 million for the quarter, compared to analysts expectations of $182.67 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

FireEye Inc closed down -0.15 points or -1.09% at $13.63 with 25,75,046 shares getting traded on Monday. Post opening the session at $13.72, the shares hit an intraday low of $13.62 and an intraday high of $13.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 18, 2016, Travis M. Reese (President) sold 2,414 shares at $13.76 per share price. According to the SEC, on Nov 18, 2016, Frank Verdecanna (SVP, Finance & CAO) sold 1,188 shares at $13.76 per share price. On Aug 17, 2016, John T Mcgee (Former EVP, WW Field Sales) sold 14,988 shares at $14.20 per share price, according to the Form-4 filing with the securities and exchange commission.

FireEye Inc. is a United States-based company engaged in offering virtual machine-based security platform that provides real-time threat protection to enterprises and governments against the cyber-attacks. The Company’s FireEye Threat Prevention platform provides real-time threat protection without the use of signatures to protect an organization across the primary threat vectors and across the various stages of an attack life cycle. It stops advanced cyber-attacks that use advanced malware zero-day exploits and Advanced Persistent Threat (APT) tactics. Its solutions supplement traditional and next generation firewalls Intrusion Prevention Systems (IPS) anti-virus and gateways. It offers a solution that detects and blocks attacks across Web e-mail endpoint file and mobile threat vectors and latent malware resident on file shares. Its products include Network Security NX Series Malware Analysis AX Series iSIGHT ThreatScape Intelligence and Central Management CM Series.

FireEye Inc

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FireEye Inc - Is it time to Sell?

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