Stephens upgraded shares of FireEye, Inc. (NASDAQ:FEYE) from an equal weight rating to an overweight rating in a research note issued to investors on Monday. The brokerage currently has $22.00 price target on the information security company’s stock, up from their previous price target of $16.00.
FEYE has been the subject of a number of other research reports. BidaskClub raised FireEye from a strong sell rating to a sell rating in a research report on Friday, August 25th. UBS AG set a $16.00 price target on FireEye and gave the stock a hold rating in a research report on Friday, July 7th. Vetr raised FireEye from a buy rating to a strong-buy rating and set a $17.10 price target for the company in a research report on Wednesday, May 24th. Deutsche Bank AG lifted their price target on FireEye from $13.00 to $15.00 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an equal weight rating and set a $16.00 price target (up previously from $14.00) on shares of FireEye in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $16.44.
FireEye (NASDAQ FEYE) opened at 16.41 on Monday. FireEye has a 12-month low of $10.35 and a 12-month high of $16.61. The firm has a 50-day moving average price of $14.66 and a 200-day moving average price of $13.91. The company’s market cap is $2.99 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million during the quarter, compared to analysts’ expectations of $176.39 million. During the same quarter in the previous year, the firm posted ($0.33) EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that FireEye will post ($0.21) earnings per share for the current fiscal year.
In other FireEye news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of FEYE. Shapiro Capital Management LLC grew its position in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after purchasing an additional 2,859,910 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of FireEye in the second quarter valued at approximately $43,372,000. Balyasny Asset Management LLC grew its position in shares of FireEye by 213.3% in the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after purchasing an additional 1,975,924 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after purchasing an additional 1,548,425 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of FireEye by 7.9% in the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after purchasing an additional 917,967 shares in the last quarter. Institutional investors own 67.65% of the company’s stock.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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