FireEye falls on lockup expiration day

14.7M FireEye (FEYE -5.3%) shares, or 10% of all outstanding shares, became eligible for sale today.

FireEye had already taken a dive earlier this month after announcing it's selling 8.4M shares on behalf of existing holders ahead of the lockup expiration, as part of a 14M-share stock offering priced at $82. With FireEye now below $74, those sellers got a relatively good deal.

Shares are still up 69% YTD.

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Comments (5)
  • newperry2
    , contributor
    Comments (2) | Send Message
    Good company. It will come back big.
    19 Mar 2014, 02:42 PM Reply Like
  • rkw29
    , contributor
    Comments (742) | Send Message
    Good company? Maybe. That remains to be seen. Good companies make money. Terrible stock. 60+ times earnings. Increasing losses. No profit on the horizon. Yes they are "growing" but growth isn't everything.
    19 Mar 2014, 05:30 PM Reply Like
  • rkw29
    , contributor
    Comments (742) | Send Message
    Sorry, meant to say 60+ revenue. However, 60+ earnings would also be high but cannot be calculated because they are deep in the red.
    19 Mar 2014, 06:40 PM Reply Like
  • kennycab
    , contributor
    Comments (2) | Send Message
    Does not need to show earnings but must keep top line growth. I agree expensive, but so is the market in general. Buying on pull back.
    20 Mar 2014, 04:57 PM Reply Like
  • dcsinvest
    , contributor
    Comments (5) | Send Message
    I'm not sure what to make of this stock yes it's growing but 5bil market cap
    To $225 mil in rev even if it grows per yr for 5 yrs it still seems expensive to me
    Can some one explain it to me if I'm wrong thank you.
    27 Apr 2014, 09:19 PM Reply Like
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