Q3 2017 EPS Estimates for FireEye, Inc. Lifted by Analyst (FEYE)
FireEye, Inc. (NASDAQ:FEYE) – Equities research analysts at Oppenheimer Holdings increased their Q3 2017 earnings estimates for FireEye in a note issued to investors on Wednesday. Oppenheimer Holdings analyst S. Eyal now anticipates that the information security company will post earnings per share of ($0.29) for the quarter, up from their previous forecast of ($0.35). Oppenheimer Holdings has a “Outperform” rating and a $23.00 price objective on the stock. Oppenheimer Holdings also issued estimates for FireEye’s Q4 2017 earnings at ($0.22) EPS, FY2017 earnings at ($1.12) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.21) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.76) EPS and FY2019 earnings at ($0.28) EPS.
FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The firm had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. During the same quarter in the prior year, the business earned ($0.33) earnings per share. FireEye’s revenue for the quarter was up 6.0% on a year-over-year basis.
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FEYE has been the subject of several other research reports. UBS AG set a $16.00 price target on shares of FireEye and gave the stock a “hold” rating in a report on Friday, July 7th. Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 price target for the company in a report on Monday, May 15th. Goldman Sachs Group Inc reissued a “buy” rating and issued a $17.00 price target (up previously from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and issued a $14.00 price target (up previously from $10.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, Evercore ISI reissued a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.82.
FireEye (FEYE) opened at 14.36 on Monday. The company’s 50 day moving average is $15.39 and its 200-day moving average is $13.45. FireEye has a 12 month low of $10.35 and a 12 month high of $17.70. The company’s market cap is $2.54 billion.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position 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. Fortaleza Asset Management Inc. bought a new position in FireEye during the second quarter worth approximately $142,000. Sigma Planning Corp bought a new position in FireEye during the first quarter worth approximately $132,000. US Bancorp DE boosted its position 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. Finally, TRUE Private Wealth Advisors boosted its position 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. 67.16% of the stock is currently owned by institutional investors.
In other FireEye news, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.
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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