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Stock analysts at Stifel Nicolaus initiated coverage on shares of FireEye (NASDAQ:FEYE) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

FEYE has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets cut their price target on shares of FireEye from $70.00 to $45.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of FireEye in a research note on Tuesday, August 12th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $52.42.

FireEye (NASDAQ:FEYE) traded up 1.87% during mid-day trading on Wednesday, hitting $29.45. The stock had a trading volume of 7,976,192 shares. FireEye has a one year low of $25.58 and a one year high of $97.35. The stock’s 50-day moving average is $32.72 and its 200-day moving average is $46.59. The company’s market cap is $4.386 billion.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results 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 $-2.13 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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