FireEye Inc. (FEYE) Upgraded by Zacks Investment Research to “Buy”
FireEye Inc. (NASDAQ:FEYE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $15.00 price objective on the information security company’s stock. Zacks Investment Research’s price objective would suggest a potential upside of 10.70% from the stock’s current price.
According to Zacks, “FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California. “
A number of other equities research analysts also recently commented on the company. Wunderlich began coverage on FireEye in a research report on Tuesday, September 13th. They issued a “hold” rating and a $16.00 target price on the stock. Nomura reiterated a “buy” rating and issued a $22.50 target price on shares of FireEye in a research report on Thursday, September 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (down from $16.00) on shares of FireEye in a research report on Friday, August 5th. Imperial Capital reiterated an “outperform” rating and issued a $25.00 target price on shares of FireEye in a research report on Wednesday, June 8th. Finally, William Blair reiterated a “buy” rating on shares of FireEye in a research report on Tuesday, May 24th. Nineteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. FireEye currently has a consensus rating of “Hold” and a consensus target price of $24.84.
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Shares of FireEye (NASDAQ:FEYE) traded down 0.22% during midday trading on Tuesday, hitting $13.55. The stock had a trading volume of 2,807,295 shares. The company’s market cap is $2.30 billion. FireEye has a 52-week low of $11.35 and a 52-week high of $35.29. The company’s 50 day moving average is $14.86 and its 200 day moving average is $16.12.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. FireEye had a negative return on equity of 46.11% and a negative net margin of 81.76%. The business had revenue of $175 million for the quarter, compared to the consensus estimate of $181.67 million. During the same period in the previous year, the business earned ($0.41) earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that FireEye will post ($1.30) earnings per share for the current year.
In other FireEye news, EVP John T. Mcgee sold 14,988 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.20, for a total transaction of $212,829.60. Following the completion of the sale, the executive vice president now owns 155,905 shares in the company, valued at $2,213,851. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Travis M. Reese sold 2,466 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total value of $34,992.54. Following the sale, the president now owns 388,841 shares of the company’s stock, valued at approximately $5,517,653.79. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FEYE. Seven Eight Capital LLC raised its stake in FireEye by 1.3% in the second quarter. Seven Eight Capital LLC now owns 22,804 shares of the information security company’s stock worth $376,000 after buying an additional 300 shares in the last quarter. Legal & General Group Plc raised its stake in FireEye by 3.9% in the second quarter. Legal & General Group Plc now owns 11,377 shares of the information security company’s stock worth $188,000 after buying an additional 423 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in FireEye by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,619 shares of the information security company’s stock worth $570,000 after buying an additional 431 shares in the last quarter. Investors Capital Advisory Services raised its stake in FireEye by 5.0% in the second quarter. Investors Capital Advisory Services now owns 13,902 shares of the information security company’s stock worth $228,000 after buying an additional 659 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in FireEye by 6.8% in the second quarter. Principal Financial Group Inc. now owns 13,999 shares of the information security company’s stock worth $231,000 after buying an additional 891 shares in the last quarter. Institutional investors own 52.39% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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