FBR Capital raised its price target for FireEye shares to $105 after its March quarter channel checks indicated the combined FireEye and Mandiant is seeing "explosive demand." FBR believes the company's FY14 outlook looks conservative and says the secondary offering removes an overhang for investors. FBR keeps an Outperform rating on FireEye.
Ummm, moron, that was a pump & dump upgrade THE DAY BEFORE FEYE issued a secondary and diluted the shareholders.
Wash, Rinse & Repeat Cycle...
For now, the stock is going down for Lockup expiration.
March 6, 2014
07:11 EDT FEYE FireEye files to sell 14M shares of common stock
FireEye filed to sell 5.58M shares of common stock and holders filed to sell 8.417M shares of common stock. Morgan Stanley, Barclays, JPMorgan, Goldman, UBS, Deutsche Bank, Citigroup, Pacific Crest and Nomura are acting as joint book running managers for the offering.
March 5, 2014
07:26 EDT FEYE FireEye volatility elevated, shares at record high
07:23 EDT FEYE FireEye price target raised to $105 from $90 at FBR Capital