It wasn't below the IPO price. IPO was 17-19 and the low this year was 25.58. I wouldn't touch this thing even if it hit its year low. These people are lieing crooks. When a company changes its accounting practices and doesn't even tell anybody to make their income look better what's that tell you?
It all culminated on May 15 when FireEye closed at an all-time low ($27.08), well below its IPO closing price of $36.00.
Wall Street Warms Up To FireEye Inc
With the broad market trading at all-time highs, it is getting more difficult to find value in the marketplace. As investors become more leery of investing in the high fliers, Wall Street analysts are looking for value in stocks that have been taken out to the woodshed.