Oppenheimer Holdings, Inc. Reaffirms Buy Rating for FireEye, Inc. (FEYE)
FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “buy” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday. They presently have a $23.00 price target on the information security company’s stock. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 36.17% from the stock’s previous close.
Several other research firms also recently weighed in on FEYE. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $19.00 price objective on shares of FireEye in a report on Wednesday, August 23rd. BidaskClub downgraded shares of FireEye from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of FireEye in a report on Wednesday, August 2nd. Stephens upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $22.00 in a report on Monday, September 11th. Finally, Deutsche Bank AG upped their price objective on shares of FireEye from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Two research 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 company. The company has an average rating of “Hold” and an average price target of $17.13.
FireEye (NASDAQ:FEYE) traded down 0.882% on Thursday, reaching $16.751. 2,540,187 shares of the company were exchanged. The company’s 50-day moving average price is $16.72 and its 200-day moving average price is $15.03. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00. The stock’s market capitalization is $3.05 billion.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that FireEye will post ($0.21) earnings per share for the current fiscal year.
In other FireEye news, President Travis M. Reese sold 88,445 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexa King sold 69,884 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The disclosure for this sale can be found here. Insiders have sold 194,884 shares of company stock valued at $3,210,523 in the last quarter. Company insiders own 2.40% of the company’s stock.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in FireEye by 15.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after purchasing an additional 1,252 shares during the period. Fortaleza Asset Management Inc. bought a new position in FireEye during the second quarter worth about $142,000. FNY Partners Fund LP boosted its position in FireEye by 900.0% during the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after purchasing an additional 9,000 shares during the period. Finally, US Bancorp DE boosted its position in FireEye by 271.0% during the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after purchasing an additional 7,788 shares during the period. Hedge funds and other institutional investors own 67.56% 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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