FireEye (FEYE) Prices Follow-On Offering

Shares of FireEye Inc. (FEYE) dropped -4.37 or -4.88 percent to $85.18 in pre-market trading on Friday, after the company announced the price of their follow-on offering of 14,000,000 shares of its common stock. The price announced was $82.00 per share. FireEye stock closed at $89.55 per share, down -6.08 or -6.36 percent in Thursdayâ s regular trading session.

Milpitas, California based FireEye Inc. is a major provider of threat forensics and malware protection software and has been instrumental in taking down some of the worldâ s largest botnets. The companyâ s main product is a virtual machine based Malware Protection System for Internet, email and file security, as well as malware analysis. FireEyeâ s real-time protection covers more than 1,500 customers in 40 countries and includes over 60 U.S. federal agencies, as well as several state universities and city colleges. The follow-on offering is the first for the company since its initial public offering on September 20th of 2013, which saw its shares â

Published on Mar 7, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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