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