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Stock analysts at Piper Jaffray started coverage on shares of FireEye (NASDAQ:FEYE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

FireEye (NASDAQ:FEYE) traded down 2.14% during mid-day trading on Tuesday, hitting $30.70. 2,712,908 shares of the company’s stock traded hands. 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 $35.61 and a 200-day moving average of $49.72. The company’s market cap is $4.356 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. Analysts expect that FireEye will post $-2.14 EPS for the current fiscal year.

FEYE has been the subject of a number of other recent research reports. Analysts at Imperial Capital cut their price target on shares of FireEye from $40.00 to $38.00 in a research note on Thursday, August 7th. They now have an “in-line” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, August 6th. Finally, analysts at Nomura cut their price target on shares of FireEye from $55.00 to $48.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. FireEye has an average rating of “Buy” and an average target price of $54.72.

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.

The Fly On The Wall

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