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FireEye (FEYE) Jumps: Stock Rises 6.7%

Zacks

FireEye, Inc. FEYE was a big mover last session, as the company saw its shares nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 11.5% in the past one-month time frame.

The company’s shares surged after Morgan Stanley turned bullish on FireEye, on the back of operational stabilization and an optimistic outlook for the company's new Helix offering.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for FireEye. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

FireEye, Inc. Price


FireEye currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another stock worth considering in the Computer and Technology sector is Imperva, Inc. (IMPV) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FEYE going up? Or down? Predict to see what others think: Up or Down

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