FireEye’s “Positive” Rating Reaffirmed at Nomura (FEYE)
FireEye (NASDAQ:FEYE)‘s stock had its “positive” rating reiterated by investment analysts at Nomura in a note issued to investors on Friday, Analyst Ratings Network reports. They currently have a $51.00 price target on the stock, down from their previous price target of $65.00. Nomura’s target price would indicate a potential downside of 8.34% from the company’s current price.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($1.28) by $0.07. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $39.80 million. The company’s quarterly revenue was up 95.0% on a year-over-year basis.
A number of other firms have also recently commented on FEYE. Analysts at Wedbush initiated coverage on shares of FireEye in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $42.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of FireEye in a research note to investors on Tuesday, December 17th. They set an “equal weight” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of FireEye in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. FireEye currently has a consensus rating of “Hold” and a consensus target price of $48.56.
FireEye, Inc invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.