Wedbush reissued their neutral rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research report sent to investors on Tuesday. They currently have a $14.00 price target on the information security company’s stock.
A number of other equities analysts have also weighed in on the stock. Morgan Stanley upgraded shares of FireEye from an equal weight rating to an overweight rating and upped their price target for the stock from $13.00 to $19.00 in a research report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $19.00 price target on shares of FireEye in a research report on Wednesday, August 23rd. Bank of America Corporation upped their price target on shares of FireEye from $18.00 to $21.00 and gave the stock a buy rating in a research report on Monday, September 25th. Stephens upgraded shares of FireEye from an equal weight rating to an overweight rating and upped their price target for the stock from $16.00 to $22.00 in a research report on Monday, September 11th. Finally, Vetr upgraded shares of FireEye from a buy rating to a strong-buy rating and set a $17.53 price target for the company in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $17.22.
Shares of FireEye (FEYE) traded down $0.06 during midday trading on Tuesday, reaching $13.69. 3,659,100 shares of the company traded hands, compared to its average volume of 5,564,899. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a 12 month low of $10.35 and a 12 month high of $18.00.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The business had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. equities research analysts anticipate that FireEye will post -1.06 EPS for the current year.
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In related news, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,000 shares of company stock worth $2,200,000. 2.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after purchasing an additional 1,528 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in FireEye by 15.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after purchasing an additional 1,252 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in FireEye during the second quarter valued at $142,000. FNY Partners Fund LP raised its stake in FireEye by 900.0% during the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock valued at $152,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in FireEye during the third quarter valued at $168,000. 67.12% of the stock is currently owned by institutional investors.
FireEye Company Profile
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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