FireEye, Inc. (FEYE) Expected to Post Quarterly Sales of $176.17 Million
Equities analysts forecast that FireEye, Inc. (NASDAQ:FEYE) will announce sales of $176.17 million for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for FireEye’s earnings, with estimates ranging from $174.35 million to $177.70 million. FireEye posted sales of $175.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The company is expected to report its next earnings results on Thursday, August 3rd.
On average, analysts expect that FireEye will report full year sales of $176.17 million for the current financial year, with estimates ranging from $726.90 million to $741.29 million. For the next year, analysts expect that the firm will post sales of $803.02 million per share, with estimates ranging from $770.30 million to $843.32 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow FireEye.
Several brokerages have recently weighed in on FEYE. BMO Capital Markets lifted their price target on shares of FireEye from $11.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $23.00 price target on shares of FireEye in a research note on Thursday, May 4th. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. Vetr cut shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $16.36 price target on the stock. in a research note on Monday, May 8th. Finally, Bank of America Corporation upgraded shares of FireEye from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.50 to $18.00 in a research note on Monday, March 20th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.52.
Shares of FireEye (NASDAQ:FEYE) opened at 15.21 on Friday. The stock’s market cap is $2.71 billion. The firm’s 50 day moving average price is $15.25 and its 200 day moving average price is $13.02. FireEye has a 52-week low of $10.35 and a 52-week high of $18.42.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the last quarter. Sigma Planning Corp purchased a new stake in FireEye during the first quarter worth approximately $132,000. US Bancorp DE boosted its stake in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after buying an additional 7,788 shares during the last quarter. Searle & CO. purchased a new stake in FireEye during the fourth quarter worth approximately $129,000. Finally, TRUE Private Wealth Advisors boosted its stake in FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock worth $142,000 after buying an additional 1,400 shares during the last quarter. 67.27% of the stock is owned by institutional investors.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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