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Wedbush Analyst Reaffirmed $13.0 Price Target on FireEye (NASDAQ:FEYE) stock, While Reiterating “Neutral” Rating

Wedbush Analyst Rating Change FireEye NASDAQ:FEYE

FireEye (NASDAQ:FEYE) Rating Reiterated

Wedbush currently has a $13.0 price target on the $2.17B market cap company or 6.47 % upside potential. In a note issued on 3 May, Fireeye (NASDAQ:FEYE) Stock had its “Neutral” Rating maintained by expert analysts at Wedbush.

NASDAQ:FEYE is at the moment trading -2.16% lower at $12.21 as of 12:01 AM New York time. FireEye’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has gained 10.61% over the same time.

According to data compiled by Thomson Reuters, FireEye (NASDAQ:FEYE)’s stock is covered by 27 equity analysts across the Street, with 0 analysts giving it a Sell rating, 16 a Buy rating, while 19 consider it a Hold. The 12-month consensus target price for the stock is $22.41, which reflects an upside potential of 83.54% over the current price.

Institutional Ownership

Trellus Management Company Llc had the most significant stake with ownership of 226,638 shares as of q2 2015 for 4.83% of the stock exposure. Falcon Point Capital Llc is another bullish institutional investor who is owning 1.13M shares of FireEye or 2.02% of their stock exposure. Moreover, University Of Notre Dame Du Lac have 1.9% of their stock exposure invested in the company for 149,068 shares. The Pennsylvania-based fund Barton Investment Management revealed it had bought a stake worth about 1.84% of the institutional investor’s stock portfolio in FireEye. The Tennessee-based fund Capwealth Advisors Llc is also positive about the stock, possessing 370,790 shares or 1.79% of their stock exposure.

FireEye (NASDAQ:FEYE) Profile

Fireeye IncFireEye, Inc. provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series). Its Subscription and Services offers Threat Intelligence Subscriptions, Security-as-a-Service Offerings, and Customer Support and Maintenance Services.

FireEye (NASDAQ:FEYE) traded down -2.16% on 3 May, hitting $12.21. A total of 5,950 shares of the company’s stock traded hands. This is down from average of 5.69 million shares. FireEye has a 52 week low of $10.35 and a 52 week high of $18.42. The company has a market cap of $2.17 billion and a P/E ratio of 0.

Get the latest FireEye (NASDAQ:FEYE) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Wedbush Analyst Reaffirmed $13.0 Price Target on FireEye (NASDAQ:FEYE) stock, While Reiterating “Neutral” Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Wedbush Analyst Reaffirmed $13.0 Price Target on FireEye (NASDAQ:FEYE) stock, While Reiterating “Neutral” Rating


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