What’s Happening With These Application Software Stocks? — FireEye, Fortinet, Intuit, and Innoviva

November 30, 2017 | By forimmediaterele | Filed in: Press Releases.

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In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on FEYE, FTNT, INTU, and INVA which is a click away at www.wallstequities.com/registration. In today’s pre-market research, WallStEquities.om monitors the performance of FireEye Inc. (NASDAQ: FEYE), Fortinet Inc. (NASDAQ: FTNT), Intuit Inc. (NASDAQ: INTU), and Innoviva Inc. (NASDAQ: INVA). Application Software companies create, license, and sell software for a variety of uses, including personal and enterprise use. Many of these companies also sell complementary hardware. See what Wall St. Equities’ research desk has to say about these stocks, join our members and enjoy of your free research reports at: www.wallstequities.com/registration


On Wednesday, shares in Milpitas, California headquartered FireEye Inc. saw a decline of 2.61%, ending the day at $13.82. The stock recorded a trading volume of 3.78 million shares. The Company’s shares have advanced 16.13% since the start of this year. The stock is trading below its 200-day moving average by 4.26%. Moreover, shares of FireEye have a Relative Strength Index (RSI) of 28.88.  

On November 02nd, 2017, research firm Dougherty & Company upgraded the Company’s stock rating from ‘Neutral’ to ‘Buy’, with a target price of $18 per share.

On November 14th, 2017, FireEye announced that Frost & Sullivan has ranked the FireEye® Threat Analytics Platform™ (TAP™) for leading technologies in security incident and event management solutions. In the report “Security Information and Event Management Global Market Analysis, Forecast to 2021 – The Transition to SIEM 3.0,” the analyst firm recognized FireEye TAP for its industry-leading User Behavior Analytics, which have become differentiating features between platform providers. Looking for insightful coverage on FEYE sign up for free at: www.wallstequities.com/registration/?symbol=FEYE


Shares in Sunnyvale, California headquartered Fortinet Inc. ended the day 1.71% lower at $41.44 with a total trading volume of 1.14 million shares. In the last month and the previous three months, the stock has gained 4.91% and 9.51%, respectively. Additionally, the Company’s shares have advanced 37.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.72% and 7.95%, respectively. Furthermore, shares of Fortinet, which provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide, have an RSI of 63.73. 

On November 28th, 2017, Fortinet announced the findings of its latest “Global Threat Landscape Report.” The research revealed that high, botnet reoccurrence rates and an increase of automated malware demonstrate that cybercriminals are leveraging common exploits combined with automated attack methods at unprecedented speed and scale. Today’s complimentary research report on FTNT is accessible at: www.wallstequities.com/registration/?symbol=FTNT


At the close of trading on Wednesday, shares in Mountain View, California headquartered Intuit Inc. finished 1.01% lower at $154.22. A total volume of 2.27 million shares was traded, which was above their three months average volume of 1.25 million shares. The stock has advanced 1.83% in the last one month, 10.18% over the previous three months, and 34.56% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 3.61% and 14.06%, respectively. Additionally, shares of Intuit have an RSI of 56.02. 

On November 01st, 2017, Intuit named Diego Rodriguez as Executive Vice President, Chief Product and Design Officer, effective November 06th, 2017. In this newly created role, Rodriguez will be responsible for the design and delivery of the Company’s product experiences that bring the power of its ecosystem together for consumers, the self-employed, and small businesses around the world. He will report to Chairman and CEO Brad Smith.

On November 21st, 2017, research firm UBS reiterated its ‘Neutral’ rating on the Company’s stock with an increase of the target price from $152 a share to $158 a share. Register now for your free research document on INTU at: www.wallstequities.com/registration/?symbol=INTU


Brisbane, California headquartered Innoviva Inc.’s shares recorded a trading volume of 977,349 shares at the end of yesterday’s session, which was above their three months average volume of 933,920 shares. The stock closed the day 0.45% lower at $13.13. The Company’s shares have advanced 9.87% in the past month and 22.71% on an YTD basis. The stock is trading above its 200-day moving average by 1.95%. Additionally, shares of Innoviva, which engages in the development and commercialization of bio-pharmaceuticals, have an RSI of 50.70.

On November 23rd, 2017, Innoviva and GlaxoSmithKline PLC announced the filing of a supplemental New Drug Application with the US FDA for the use of Trelegy Ellipta (fluticasone furoate/umeclidinium/vilanterol, “FF/UMEC/VI”) for an expanded indication for the maintenance treatment of airflow obstruction and reduction of exacerbations in patients with chronic obstructive pulmonary disease. FF/UMEC/VI is the first treatment to provide a combination of three molecules in a single inhaler that only needs to be taken once a day. Click on the link below and see our free report INVA at: www.wallstequities.com/registration/?symbol=INVA

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