FireEye (FEYE) Updates Q4 Earnings Guidance

FireEye (NASDAQ:FEYE) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.04-0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $214-218 million, compared to the consensus revenue estimate of $216.59 million.FireEye also updated its FY 2018 guidance to $0.06-0.08 EPS.

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price objective on shares of FireEye from $17.00 to $18.00 and gave the stock a market perform rating in a report on Wednesday. Citigroup boosted their price objective on shares of FireEye from $17.00 to $18.00 and gave the stock a neutral rating in a report on Wednesday. Piper Jaffray Companies upped their target price on shares of FireEye to $22.00 and gave the company an overweight rating in a research note on Wednesday. Deutsche Bank upped their target price on shares of FireEye from $18.00 to $20.00 and gave the company a hold rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of FireEye to $20.00 and gave the company a neutral rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. FireEye has an average rating of Buy and a consensus price target of $19.78.

Shares of FireEye stock traded up $1.64 during trading on Wednesday, reaching $18.49. The company had a trading volume of 17,992,421 shares, compared to its average volume of 5,592,224. The firm has a market cap of $3.31 billion, a PE ratio of -16.96 and a beta of 0.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.02 and a current ratio of 2.03. FireEye has a fifty-two week low of $13.40 and a fifty-two week high of $19.36.

FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $211.65 million for the quarter, compared to analyst estimates of $208.46 million. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, equities analysts predict that FireEye will post -0.79 earnings per share for the current year.

In related news, EVP William T. Robbins sold 1,409 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total transaction of $25,376.09. Following the completion of the sale, the executive vice president now owns 324,444 shares of the company’s stock, valued at approximately $5,843,236.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William T. Robbins sold 33,591 shares of the business’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $18.00, for a total transaction of $604,638.00. Following the sale, the executive vice president now directly owns 325,853 shares of the company’s stock, valued at approximately $5,865,354. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,820 shares of company stock valued at $931,071. Insiders own 2.40% of the company’s stock.

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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