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FireEye Stock Shows Rising Relative Strength; Profit Growth Rate Blazing Higher

As  it nears its latest earnings report, cybersecurity firm FireEye stock got a key stock rating upgrade amid strong recent earnings growth. The Relative Strength (RS) Rating for FireEye (FEYE) popped to a higher percentile Wednesday, as it got a lift from 69 to 76.

 




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The 76 RS rating means that FireEye stock has outperformed 76% of all stocks over the past year.

FireEye Stock Climbs Along With Profits

Research shows that the best stocks often have an RS Rating of over 80 as they begin their biggest price moves. See if FireEye stock can continue to show renewed price strength and hit that benchmark.

FireEye stock dropped to a 7.54 low in late March 2020. It traded at 21.38 Wednesday midday, 0.8% higher for the day, and about 184% up from its coronavirus crash low.

FireEye provides a machine-based security platform that provides real-time protection to computers and computer networks.

Among other key ratings, FireEye stock has an 83 Composite Rating, of a best-possible 99.

The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.

Additionally, the Milpitas, Calif.-based company holds a B Accumulation/Distribution Rating, on an A+ to E scale. The B rating means institutional investors are buying more shares of FireEye stock than selling.

One cautionary note — FireEye has a less than stellar 69 EPS Rating. However, that’s primarily due to weak profit growth in past years.

FireEye saw both earnings and sales growth rise last quarter. Earnings-per-share shot up 500% to 8 cents a share. The prior three quarters its EPS grew more than 1,000%, 450% and 71% year over year. Sales in its most recent quarter grew 10% to $246.4 million. It grew revenue every quarter this past year despite the pandemic, although the single-digit growth over that time was less than ideal.

The company will report its latest numbers on or around July 28.

FireEye stock earns the No. 7 rank among its peers in the Computer Software-Security industry group. Crowdstrike Holdings (CRWD) and Mimecast (MIME) are also among the group’s highest-rated stocks.


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FireEye is working on a consolidation with a 25.63 entry. See if it can break out in volume at least 40% above average.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks stacks up against all the other stocks in our database.

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