Wunderlich Thinks FireEye Inc’s Stock is Going to Recover

By George MacDonald

Wunderlich analyst Robert Breza reiterated a Buy rating on FireEye Inc (NASDAQ: FEYE) yesterday and set a price target of $15. The company’s shares closed yesterday at $14.73, close to its 52-week low of $11.35.

According to TipRanks.com, Breza is a 1-star analyst with an average return of -0.7% and a 52.8% success rate. Breza covers the Technology sector, focusing on stocks such as Palo Alto Networks, CommVault Systems, and Brightcove Inc.

Currently, the analyst consensus on FireEye Inc is Moderate Buy and the average price target is $19.57, representing a 32.9% upside.

In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $33 price target.

The company has a one year high of $44.95 and a one year low of $11.35. Currently, FireEye Inc has an average volume of 5.67M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FEYE in relation to earlier this year. Most recently, in May 2016, Kevin Mandia, a the President of FEYE bought 27,600 shares for a total of $350,520.

FireEye, Inc. develops virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors, including Web, email, and files and across the different stages of an attack life cycle. Its virtual machine-based security platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. The company was founded by Ashar Aziz on February 18, 2004 and is headquartered in Milpitas, CA.