William Blair Initiates Coverage on FireEye (FEYE)
Stock analysts at William Blair began coverage on shares of FireEye (NASDAQ:FEYE) in a report issued on Wednesday, Stock Ratings News reports. The firm set an “outperform” rating on the stock.
FEYE has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of FireEye from $56.00 to $65.00 in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Separately, analysts at Bank of America Corp. set a $60.00 price target on shares of FireEye in a research note to investors on Friday, January 3rd. Finally, analysts at Nomura raised their price target on shares of FireEye from $51.00 to $65.00 in a research note to investors on Friday, January 3rd. They now have a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.96.
Shares of FireEye (NASDAQ:FEYE) traded up 11.18% on Wednesday, hitting $65.45. The stock had a trading volume of 2,963,293 shares. FireEye has a one year low of $33.30 and a one year high of $61.63. The stock’s 50-day moving average is $43.67 and its 200-day moving average is $41.01. The company’s market cap is $7.908 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.21) EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that FireEye will post $-3.22 earnings per share for the current fiscal year.
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.
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