FireEye, Inc. (FEYE) Receives Average Rating of “Hold” from Brokerages
FireEye, Inc. (NASDAQ:FEYE) has been assigned an average rating of “Hold” from the thirty-six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.27.
Several brokerages recently issued reports on FEYE. Susquehanna Bancshares Inc began coverage on FireEye in a research report on Wednesday, June 7th. They set a “neutral” rating and a $17.00 price objective for the company. Stifel Nicolaus restated a “buy” rating on shares of FireEye in a research 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 research report on Thursday, June 22nd. Finally, ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
FireEye (FEYE) opened at 16.01 on Friday. The firm’s 50 day moving average price is $14.70 and its 200-day moving average price is $13.85. The firm’s market cap is $2.92 billion. FireEye has a one year low of $10.35 and a one year high of $16.40.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $176.39 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that FireEye will post ($0.21) EPS for the current fiscal year.
In related news, EVP Alexa King sold 69,884 shares of the company’s 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Exencial Wealth Advisors LLC lifted its holdings in FireEye by 0.7% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock worth $233,000 after buying an additional 100 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in FireEye by 1.4% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock worth $219,000 after buying an additional 200 shares in the last quarter. Private Advisor Group LLC lifted its holdings in FireEye by 1.2% in the 1st quarter. Private Advisor Group LLC now owns 18,128 shares of the information security company’s stock worth $222,000 after buying an additional 220 shares in the last quarter. Sigma Planning Corp lifted its holdings in FireEye by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after buying an additional 266 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in FireEye by 3.8% in the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after buying an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 67.65% of the company’s stock.
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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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