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Equities researchers at Northland Securities initiated coverage on shares of FireEye (NASDAQ:FEYE) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $37.00 price target on the stock. Northland Securities’ price objective would suggest a potential downside of 9.84% from the company’s current price. The analysts noted that the move was a valuation call.

FEYE has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of FireEye from $30.00 to $40.00 in a research note on Tuesday. They now have an “in-line” rating on the stock. Separately, analysts at Summit Research initiated coverage on shares of FireEye in a research note on Monday, June 16th. They set a “buy” rating and a $45.00 price target on the stock. Finally, analysts at Barclays upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 23rd. They now have a $40.00 price target on the stock, down previously from $50.00. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. FireEye presently has a consensus rating of “Buy” and an average target price of $54.27.

Shares of FireEye (NASDAQ:FEYE) traded down 2.00% on Wednesday, hitting $40.22. The stock had a trading volume of 2,441,599 shares. FireEye has a 1-year low of $25.58 and a 1-year high of $97.35. The stock’s 50-day moving average is $34.29 and its 200-day moving average is $53.46. The company’s market cap is $5.835 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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