FireEye (FEYE): Stock Goes Down 5.3% – Tale of the Tape

Zacks

FireEye, Inc. (FEYE) saw a big move last session, as the company’s shares fell by 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FEYE, as the stock is now down 10% since Jun 18.

Although this slump was obviously disappointing, the company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for FEYE. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

FEYE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the internet software sector is AVG Technologies N.V. (AVG), which currently carries a Zacks Rank #1 (Strong Buy).

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