Market Overview

Options Imply 10.5% Move For FireEye

Share:

FireEye Inc (NASDAQ: FEYE) share price may move by more than 10 percent following release of its earnings after the bell Wednesday.

Eyeing options prices on the cybersecurity concern, TD Ameritrade's JJ Kinahan told Benzinga that he sees a 10.5 percent implied move for the company.

"The interesting thing about FireEye with that being said, from a historical volatility perspective it's only about at the twelfth percentile," Kinahan said.

Wall Street analysts on average expect the Milpitas, California company to post a loss of $0.49 per share, compared with a loss of $0.35 a year earlier. Revenue is expected to increase nearly 150 percent to $141.5 million.

Security software vendor Symantec Corporation (NASDAQ: SYMC) last week blamed foreign exchange woes for a disappointing outlook while earlier, F5 Networks, Inc. (NASDAQ: FFIV) posted slower-than-expected revenue growth.

FireEye changed hands recently at $35.97, down 1.5 percent.

"In the shorter-term options, you're not seeing huge trades. You're seeing people playing it a little bit on the conservative side," Kinahan said of FireEye.

Jake Mann and Brianna Valleskey contributed to this report.

Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Options Markets Analyst Ratings

 

Related Articles (FFIV + FEYE)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DEReiterates175.0
AMWDMaintains92.0
FTDRMaintains55.0
REDUDowngrades
ZSDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Wunderlich Analyst: 'Time Warner Is A Bit Of A Transitional Story'

Carl Icahn: Apple Should Trade At $216 'Today'