FireEye Slumps: FEYE Tumbles 8.8% - Tale of the Tape
FireEye, Inc. (NASDAQ: FEYE) saw a big move last session, as the company's shares fell nearly 9% 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 nearly 21% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the internet software company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 60 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
FEYE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the same sector include j2 Global, Inc. (NASDAQ: JCOM), Model N, Inc. (NYSE: MODN) and Constant Contact, Inc. (NASDAQ: CTCT). While j2 Global and Model N carry a Zacks Rank #1 (Strong Buy), Constant Contact holds a Zacks Rank #2 (Buy).
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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.