FireEye, Inc. (FEYE) to Release Quarterly Earnings on Wednesday
FireEye, Inc. (NASDAQ:FEYE) will be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. FireEye has set its Q3 guidance at ($0.09)-($0.06) EPS and its FY17 guidance at ($0.24)-($0.19) EPS.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.33) earnings per share. On average, analysts expect FireEye to post $-1.09 EPS for the current fiscal year and $-0.84 EPS for the next fiscal year.
Shares of FireEye, Inc. (NASDAQ:FEYE) opened at 16.68 on Wednesday. The company has a 50 day moving average price of $16.88 and a 200-day moving average price of $15.17. The stock’s market capitalization is $3.04 billion. FireEye, Inc. has a 52-week low of $10.35 and a 52-week high of $18.00.
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In other FireEye news, President Travis M. Reese sold 11,555 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the completion of the transaction, the president now owns 508,210 shares in the company, valued at $8,893,675. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexa King sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,884 shares of company stock valued at $3,210,523. Insiders own 2.40% of the company’s stock.
An institutional investor recently raised its position in FireEye stock. The Manufacturers Life Insurance Company grew its holdings in FireEye, Inc. (NASDAQ:FEYE) by 30.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,623 shares of the information security company’s stock after acquiring an additional 1,528 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 67.98% of the company’s stock.
FEYE has been the topic of several research analyst reports. Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price objective on the stock in a report on Wednesday, June 28th. BidaskClub cut FireEye from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. UBS AG set a $16.00 price objective on FireEye and gave the stock a “hold” rating in a report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Finally, Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.13.
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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