Zacks: Analysts Anticipate FireEye, Inc. (FEYE) Will Announce Quarterly Sales of $186.25 Million
Equities analysts forecast that FireEye, Inc. (NASDAQ:FEYE) will announce sales of $186.25 million for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for FireEye’s earnings, with estimates ranging from $185.00 million to $188.35 million. FireEye posted sales of $186.41 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.1%. The company is expected to report its next earnings results on Thursday, November 2nd.
On average, analysts expect that FireEye will report full year sales of $186.25 million for the current financial year, with estimates ranging from $730.00 million to $744.40 million. For the next year, analysts expect that the firm will post sales of $803.59 million per share, with estimates ranging from $780.00 million to $828.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow FireEye.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 26.21% and a negative net margin of 46.37%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS.
A number of research analysts recently issued reports on the company. Susquehanna Bancshares Inc assumed coverage on FireEye in a report on Wednesday, June 7th. They set a “neutral” rating and a $17.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Vetr downgraded FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price objective for the company. in a report on Thursday, June 22nd. Finally, ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.97.
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In related news, EVP Alexa King sold 69,884 shares of FireEye 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 sale, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC boosted its stake in FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after buying an additional 2,859,910 shares during the last quarter. ETF Managers Group LLC purchased a new stake in FireEye during the second quarter valued at $43,372,000. Fisher Asset Management LLC purchased a new stake in FireEye during the first quarter valued at $25,988,000. Balyasny Asset Management LLC boosted its stake in FireEye by 213.3% in the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after buying an additional 1,975,924 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after buying an additional 1,548,425 shares during the last quarter. 64.30% of the stock is owned by institutional investors and hedge funds.
Shares of FireEye (FEYE) opened at 13.90 on Wednesday. The firm’s market capitalization is $2.53 billion. The stock’s 50 day moving average price is $15.09 and its 200 day moving average price is $13.54. FireEye has a one year low of $10.35 and a one year high of $16.40.
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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