FireEye’s (FEYE) “Buy” Rating Reiterated at Stephens

FireEye (NASDAQ:FEYE)‘s stock had its “buy” rating reiterated by equities researchers at Stephens in a research report issued to clients and investors on Friday. They currently have a $23.00 target price on the information security company’s stock. Stephens’ target price would suggest a potential upside of 48.01% from the stock’s current price.

FEYE has been the subject of a number of other reports. Evercore ISI set a $20.00 price target on FireEye and gave the company a “buy” rating in a research note on Sunday, October 15th. Wedbush reiterated a “neutral” rating and issued a $14.00 price target on shares of FireEye in a research note on Tuesday, November 14th. BMO Capital Markets decreased their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Cowen reiterated a “hold” rating and issued a $16.00 price target on shares of FireEye in a research note on Friday, November 3rd. Finally, Dougherty & Co upgraded FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.09.

FireEye (NASDAQ FEYE) traded up $1.42 during trading on Friday, reaching $15.54. The company’s stock had a trading volume of 19,664,496 shares, compared to its average volume of 3,745,269. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00. The stock has a market capitalization of $2,790.00, a PE ratio of -9.23 and a beta of 0.57.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The company had revenue of $202.30 million during the quarter, compared to analysts’ expectations of $193.74 million. During the same period last year, the business posted ($0.03) earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. equities research analysts predict that FireEye will post -1.07 EPS for the current fiscal year.

In related news, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.57, for a total transaction of $91,828.19. Following the sale, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Levin Capital Strategies L.P. grew its holdings in FireEye by 40.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 14,000 shares of the information security company’s stock valued at $199,000 after purchasing an additional 4,000 shares during the period. First Trust Advisors LP grew its holdings in FireEye by 25.3% in the fourth quarter. First Trust Advisors LP now owns 875,170 shares of the information security company’s stock valued at $12,427,000 after purchasing an additional 176,659 shares during the period. First Washington CORP grew its holdings in FireEye by 74.0% in the fourth quarter. First Washington CORP now owns 215,820 shares of the information security company’s stock valued at $3,065,000 after purchasing an additional 91,790 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in FireEye by 51.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 53,475 shares of the information security company’s stock valued at $759,000 after purchasing an additional 18,140 shares during the period. Finally, OLD National Bancorp IN grew its holdings in FireEye by 16.9% in the fourth quarter. OLD National Bancorp IN now owns 25,634 shares of the information security company’s stock valued at $364,000 after purchasing an additional 3,706 shares during the period. 68.18% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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