FireEye, Inc. (FEYE) Receives Hold Rating from Deutsche Bank AG
FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They currently have a $15.00 target price on the information security company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 6.18% from the stock’s current price.
A number of other brokerages have also recently commented on FEYE. Barclays PLC reaffirmed an “equal weight” rating and issued a $14.00 target price (up from $10.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $17.00 price target (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. BidaskClub cut FireEye from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Wedbush raised their price target on FireEye from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 3rd. Finally, Evercore ISI reissued a “buy” rating and set a $16.00 price target (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.97.
FireEye (NASDAQ FEYE) traded down 1.74% during trading on Tuesday, reaching $14.14. The company had a trading volume of 4,720,888 shares. The firm’s 50-day moving average price is $15.34 and its 200 day moving average price is $13.48. FireEye has a one year low of $10.35 and a one year high of $16.40. The firm’s market capitalization is $2.50 billion.
FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping the Zacks’ 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 company 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. FireEye’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that FireEye will post ($0.22) earnings per share for the current fiscal year.
In other FireEye news, EVP Alexa King sold 69,884 shares of the business’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 transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares in the company, valued at $6,199,479.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wesbanco Bank Inc. acquired a new position in shares of FireEye during the second quarter valued at about $765,000. Principal Financial Group Inc. acquired a new position in shares of FireEye during the second quarter valued at about $290,000. Unterberg Capital LLC acquired a new position in shares of FireEye during the second quarter valued at about $4,031,000. Cambridge Investment Research Advisors Inc. raised its position in shares of 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 valued at $429,000 after buying an additional 12,250 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of 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 valued at $37,855,000 after buying an additional 229,245 shares during the period. Institutional investors and hedge funds 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).
Receive News & Ratings for FireEye Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye Inc. and related companies with MarketBeat.com's FREE daily email newsletter.