FireEye, Inc. (FEYE) Given “Market Perform” Rating at BMO Capital Markets
FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “market perform” rating reissued by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. They presently have a $17.00 target price on the information security company’s stock, up from their prior target price of $15.00. BMO Capital Markets’ price objective indicates a potential upside of 20.33% from the stock’s previous close.
A number of other equities analysts have also weighed in on FEYE. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Evercore ISI reissued a “buy” rating and issued a $16.00 price objective (up previously from $14.00) on shares of FireEye in a research report on Wednesday, May 3rd. William Blair raised shares of FireEye from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $13.95 to $12.21 in a research report on Wednesday, May 3rd. Wedbush upped their price target on shares of FireEye from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 3rd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of FireEye in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. FireEye presently has a consensus rating of “Hold” and an average price target of $15.97.
Shares of FireEye (NASDAQ:FEYE) traded down 1.74% during mid-day trading on Tuesday, hitting $14.14. 4,720,888 shares of the stock were exchanged. The company has a 50-day moving average of $15.34 and a 200 day moving average of $13.48. FireEye has a one year low of $10.35 and a one year high of $16.40. The stock’s market cap is $2.50 billion.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. The business had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.33) earnings per share. On average, equities analysts predict that FireEye will post ($0.22) earnings per share for the current year.
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In other FireEye news, EVP Alexa King sold 69,884 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FEYE. Wesbanco Bank Inc. bought a new position in FireEye during the second quarter worth approximately $765,000. Principal Financial Group Inc. bought a new position in FireEye during the second quarter worth approximately $290,000. Unterberg Capital LLC bought a new position in FireEye during the second quarter worth approximately $4,031,000. Cambridge Investment Research Advisors Inc. increased its position in FireEye by 76.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,180 shares of the information security company’s stock worth $429,000 after buying an additional 12,250 shares during the period. Finally, Neuberger Berman Group LLC increased its position in FireEye by 10.1% in the second quarter. Neuberger Berman Group LLC now owns 2,488,796 shares of the information security company’s stock worth $37,855,000 after buying an additional 229,245 shares during the period. Hedge funds and other institutional investors own 67.16% of the company’s stock.
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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