FireEye, Inc. (FEYE) Earns Hold Rating from Cowen and Company
FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a report issued on Thursday. They presently have a $15.00 price objective on the information security company’s stock. Cowen and Company’s target price would suggest a potential downside of 13.04% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Northland Securities set a $22.00 price target on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday. Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price target on the stock in a research report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $23.00 price target on shares of FireEye in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets increased their price target on shares of FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.13.
Shares of FireEye (NASDAQ FEYE) traded down 1.32% during mid-day trading on Thursday, reaching $17.26. The company’s stock had a trading volume of 4,084,522 shares. The firm has a 50-day moving average of $16.43 and a 200-day moving average of $14.89. The firm’s market capitalization is $3.14 billion. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. During the same quarter last year, the company posted ($0.33) earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that FireEye will post ($0.21) earnings per share for the current fiscal year.
In other FireEye news, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Travis M. Reese sold 11,555 shares of FireEye stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $17.50, for a total transaction of $202,212.50. Following the completion of the transaction, the president now owns 508,210 shares in the company, valued at approximately $8,893,675. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,884 shares of company stock worth $3,210,523. 2.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. WFG Advisors LP grew its position in FireEye by 5.1% in the second quarter. WFG Advisors LP now owns 31,586 shares of the information security company’s stock worth $480,000 after buying an additional 1,521 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in FireEye by 20.3% in the second quarter. Public Employees Retirement System of Ohio now owns 62,940 shares of the information security company’s stock worth $957,000 after buying an additional 10,631 shares during the last quarter. Verition Fund Management LLC grew its position in FireEye by 3.8% in the second 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 during the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in FireEye in the second quarter worth approximately $534,000. Finally, California State Teachers Retirement System grew its position in FireEye by 5.1% in the second quarter. California State Teachers Retirement System now owns 323,171 shares of the information security company’s stock worth $4,915,000 after buying an additional 15,552 shares during the last quarter. Hedge funds and other institutional investors own 67.59% of the company’s stock.
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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