When a stock trends towards its 52-week low, the under-performance could give value investors a reason to consider buying the stock. After FireEye (FEYE) reported a strong first quarter, the rally that followed did not hold. With shares trading at 50 times forward earnings and almost 4 times sales, how likely will the stock rebound back to old highs?
FireEye is a cybersecurity solutions provider whose sector’s downtrend is due to troubles at Symantec (SYMC). Yet when Symantec’s CEO left abruptly and the company reported fourth-quarter results that were below consensus, that is