Several brokerages have updated their recommendations and price targets on shares of FireEye (NASDAQ: FEYE) in the last few weeks:

  • 8/7/2017 – FireEye was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “FireEye is a specialized provider of a security platform against cyber-attacks to enterprises and governments. FireEye’s management has been striving to turn around the business through a string of initiatives, which includes product launches, acquisition and cost optimization. We consider that FireEye’s turnaround strategies are paying off as reflected from its back-to-back two quarters of splendid results, and solid outlook for the third quarter and full year. Additionally, although a shift from product-based to subscription-based business model will have a negative impact on FireEye’s near-term results, we believe that it will lead to more stable revenues over the long run.Going ahead, a healthy security market, strong product line-up, deal wins and investment plans should act as a tailwind. Nonetheless, negative operating cash flow remains a major headwind for FireEye, which may hinder the execution of its growth plans.”
  • 8/2/2017 – FireEye was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/2/2017 – FireEye had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $18.00 price target on the stock, up previously from $17.00.
  • 8/2/2017 – FireEye had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 8/2/2017 – FireEye had its price target raised by analysts at Deutsche Bank AG from $13.00 to $15.00. They now have a “hold” rating on the stock.
  • 8/2/2017 – FireEye had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $23.00 price target on the stock.
  • 8/2/2017 – FireEye had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 8/2/2017 – FireEye had its price target raised by analysts at BMO Capital Markets from $15.00 to $17.00. They now have a “market perform” rating on the stock.
  • 8/2/2017 – FireEye had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $16.00 price target on the stock, up previously from $14.00.
  • 8/1/2017 – FireEye was given a new $20.00 price target on by analysts at Evercore ISI. They now have a “buy” rating on the stock.
  • 7/27/2017 – FireEye was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $17.53 price target on the stock.
  • 7/19/2017 – FireEye had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/17/2017 – FireEye was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $17.53 price target on the stock.
  • 7/12/2017 – FireEye was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $17.31 price target on the stock.
  • 7/7/2017 – FireEye was given a new $16.00 price target on by analysts at UBS AG. They now have a “hold” rating on the stock.
  • 7/6/2017 – FireEye was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/4/2017 – FireEye was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $17.31 price target on the stock.
  • 6/28/2017 – FireEye was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $17.31 price target on the stock.
  • 6/22/2017 – FireEye was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $17.31 price target on the stock.
  • 6/12/2017 – FireEye was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $17.31 price target on the stock.

FireEye, Inc. (NASDAQ FEYE) traded up 0.21% during mid-day trading on Monday, hitting $14.39. The company had a trading volume of 7,130,023 shares. FireEye, Inc. has a 52-week low of $10.35 and a 52-week high of $17.70. The firm’s market cap is $2.54 billion. The stock’s 50 day moving average price is $15.39 and its 200 day moving average price is $13.45.

FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. During the same period last year, the firm earned ($0.33) EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that FireEye, Inc. will post ($0.22) EPS for the current fiscal year.

In related news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the sale, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.

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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