FireEye Inc FEYE has had an eventful day thus far into Thursday trading, opening at $18.28, diving more than 1 percent to $17.68, and subsequently recovering beyond the open to a daily high of $18.50.
The bustling activity is likely due to rumors that the cybersecurity company had opted out of upcoming conferences. However, a spokesperson from FireEye has since stated that no upcoming conferences have been canceled.
According to StreetInsider, “Earlier chatter about the cancellations stoked rumors about a potential takeover by IBM (International Business Machines Corp. IBM).”
Furthermore, FireEye’s events page shows no such activity, nor has any official statement from the company been released regarding any cancellations.
The StreetInsider brief elaborated, “The same rumors surfaced last January during the company’s previous quiet period. However, the company does not participate in investor conferences during the quite period, and it typically announces conference participation for the quarter after it releases earnings.”
The first quarter results for FireEye are slated to be announced May 5, after market close.
Upcoming Events
Quite the contrary, FireEye has tweeted throughout the day about its upcoming conference in London.
The FireEye Cyber Defense Live London event is scheduled for April 19, and registration through the site remains open.
According to FireEye, “FireEye Cyber Defense Live is Back! This is a must attend event for those wanting to uncover the real truth about preparing for and responding to cyber attacks.”
”Come and hear experts from our recent exciting acquisition – iSIGHT Partners, who bring new and deeper security intelligence to the discussion, plus our world-class team of incident response experts, Mandiant, will be providing on-site advice and consultation. Alongside our experts, we will be joined by industry specialists and peers who will be discussion their cyber security challenges and how they have been overcome.”
FireEye was recently seen up 0.6 percent on the day, trading at $18.45.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
