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Equities researchers at Topeka Capital Markets reduced their price target on shares of FireEye (NASDAQ:FEYE) from $70.00 to $45.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target points to a potential upside of 46.58% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray initiated coverage on shares of FireEye in a research note on Tuesday. They set an “overweight” rating and a $36.00 price target on the stock. Separately, 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. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. FireEye presently has a consensus rating of “Buy” and a consensus price target of $52.42.

FireEye (NASDAQ:FEYE) traded up 3.75% on Wednesday, hitting $31.85. 3,694,989 shares of the company’s stock traded hands. 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 $35.38 and its 200-day moving average is $49.45. The company’s market cap is $4.519 billion.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 5th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.53) earnings per share. The company’s revenue for the quarter was up 184.5% on a year-over-year basis. Analysts expect that FireEye will post $-2.13 EPS 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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