FireEye Stock Rating Reaffirmed by Nomura (FEYE)
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of FireEye from $68.00 to $30.00 in a research note on Friday, May 9th. They now have an “in-line” rating on the stock. Separately, analysts at Gabelli upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. reiterated an “equal weight” rating on shares of FireEye in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, down previously from $73.00. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.04.
FireEye (NASDAQ:FEYE) traded up 2.20% on Monday, hitting $28.5049. The stock had a trading volume of 2,808,451 shares. FireEye has a one year low of $25.58 and a one year high of $97.35. The stock has a 50-day moving average of $43.73 and a 200-day moving average of $53.71. The company’s market cap is $4.136 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.53) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.53). The company had revenue of $74.00 million for the quarter, compared to the consensus estimate of $71.65 million. The company’s quarterly revenue was up 160.6% on a year-over-year basis. On average, analysts predict that FireEye will post $-2.22 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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