FireEye (FEYE) Issues FY 2018 Earnings Guidance

FireEye (NASDAQ:FEYE) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.06-0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $827-831 million, compared to the consensus revenue estimate of $826.84 million.FireEye also updated its Q4 2018 guidance to $0.04-0.06 EPS.

A number of analysts have issued reports on the company. ValuEngine downgraded FireEye from a hold rating to a sell rating in a research note on Monday, July 2nd. BidaskClub raised FireEye from a sell rating to a hold rating in a research note on Wednesday, July 11th. BMO Capital Markets cut their target price on FireEye from $18.00 to $17.00 and set a market perform rating for the company in a research note on Thursday, August 2nd. Finally, Wedbush reaffirmed a neutral rating and issued a $16.00 target price on shares of FireEye in a research note on Thursday, August 2nd. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $19.72.

Shares of NASDAQ FEYE traded up $0.44 during mid-day trading on Tuesday, reaching $16.85. 8,456,495 shares of the company’s stock were exchanged, compared to its average volume of 3,977,786. FireEye has a 52-week low of $13.40 and a 52-week high of $19.36. The stock has a market cap of $3.31 billion, a PE ratio of -15.46 and a beta of 0.38. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The company had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $201.54 million. During the same period last year, the business posted ($0.04) EPS. FireEye’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts predict that FireEye will post -0.79 EPS for the current year.

In other news, EVP William T. Robbins sold 6,400 shares of FireEye stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total value of $92,544.00. Following the completion of the transaction, the executive vice president now owns 359,444 shares in the company, valued at approximately $5,197,560.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William T. Robbins sold 1,409 shares of FireEye stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total value of $25,376.09. Following the completion of the transaction, the executive vice president now owns 324,444 shares of the company’s stock, valued at approximately $5,843,236.44. The disclosure for this sale can be found here. Insiders have sold a total of 55,820 shares of company stock valued at $931,071 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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