FireEye, Inc. (FEYE) Given Average Rating of “Hold” by Brokerages
FireEye, Inc. (NASDAQ:FEYE) has received an average recommendation of “Hold” from the thirty-five research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.14.
FEYE has been the subject of several research reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $23.00 target price on shares of FireEye in a report on Monday, September 18th. Standpoint Research downgraded FireEye from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr raised FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 price target on the stock in a research report on Monday, September 18th. Finally, Bank of America Corporation lifted their price target on FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, September 25th.
Shares of FireEye (FEYE) opened at 17.52 on Wednesday. FireEye has a 12-month low of $10.35 and a 12-month high of $17.78. The company’s 50 day moving average price is $15.72 and its 200-day moving average price is $14.63. The firm’s market cap is $3.19 billion.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million during the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. FireEye’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. On average, equities research analysts anticipate that FireEye will post ($0.21) EPS for the current year.
In related news, EVP Alexa King sold 69,884 shares of the 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 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 is available through this hyperlink. Also, President Travis M. Reese sold 11,555 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.50, for a total transaction of $202,212.50. Following the completion of the sale, the president now directly owns 508,210 shares in the company, valued at $8,893,675. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Exencial Wealth Advisors LLC raised its position in FireEye by 0.7% during the second quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock worth $233,000 after acquiring an additional 100 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in shares of FireEye by 1.4% in the second quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock valued at $219,000 after purchasing an additional 200 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of FireEye by 2.5% in the second quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock valued at $164,000 after purchasing an additional 266 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of FireEye by 3.8% in the second quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock valued at $194,000 after purchasing an additional 469 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of FireEye by 5.5% in the second quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock valued at $197,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 67.59% 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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