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Research analysts at FBR Capital Markets decreased their target price on shares of FireEye (NASDAQ:FEYE) from $70.00 to $58.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would suggest a potential upside of 66.91% from the stock’s previous close.

FEYE has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of FireEye in a research note on Wednesday, July 16th. They set a “buy” rating and a $42.00 price target on the stock. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of FireEye in a research note on Monday, July 7th. They now have a $70.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of FireEye in a research note on Wednesday, July 2nd. They set a “market perform” rating and a $37.00 price target on the stock. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. FireEye has an average rating of “Buy” and a consensus target price of $54.50.

FireEye (NASDAQ:FEYE) opened at 34.75 on Wednesday. FireEye has a 52 week low of $25.58 and a 52 week high of $97.35. The stock has a 50-day moving average of $36.37 and a 200-day moving average of $50.75. The company’s market cap is $5.042 billion.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.55) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.60) by $0.05. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $90.12 million. During the same quarter last year, the company posted ($0.53) earnings per share. FireEye’s revenue was up 184.5% compared to the same quarter last year. On average, analysts predict that FireEye will post $-2.23 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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