Bring Your Own Device Raises Concerns of Cyber Threats
Shareholder returns and stock trends
FireEye (FEYE) has generated returns of 8.08% in the trailing 12 months (or TTM) and -3.47% in the trailing one-month period. FireEye’s share price fell 4.51% on September 22, 2015.
Peer companies CheckPoint (CHKP), Symantec (SYMC), and Fortinet (FTNT) generated returns of 0.86%, 0.45%, and 1.79%, respectively, on September 22.
Moving averages
On September 22, the last trading price for FireEye was $35.31. The company was trading -5.63%, 15.45%, and 20.68% below the 20-day, 50-day, and 100-day moving averages of $37.41, $41.76, and $44.51, respectively.
Moving average convergence divergence and the Relative Strength Index
The moving average convergence divergence (or MACD) is the difference between a company’s short-term and long-term moving averages. The nine-day MACD for FireEye is -1.57, which shows a downward trading trend since the figure is negative.
The 14-day Relative Strength Index (or RSI) for FireEye is 34, which shows the stock is neither oversold nor overbought. If the RSI is above 70, it indicates the stock is overbought, while an RSI figure below 30 suggests a stock has been oversold.
FireEye constitutes 3.62% of the PureFunds ISE Cyber Security ETF (HACK) and 0.05% of the iShares Russell 1000 Growth ETF (IWF).
Analyst recommendations
Of the analysts covering FireEye (FEYE) stock, 17 have given it a “buy” recommendation, two have given it a “sell” recommendation, and 15 have recommended “hold.” The analyst stock price target for FireEye is $53.88 with a median target estimate of $55.00.
FireEye is thus trading at a discount of 35.8% with respect to its median target and could be viewed as an attractive buy at current levels.
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