FireEye, Inc. (FEYE) Given Average Rating of “Hold” by Brokerages
Shares of FireEye, Inc. (NASDAQ:FEYE) have been assigned an average recommendation of “Hold” from the thirty-six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.33.
FEYE has been the subject of several recent analyst reports. Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 target price for the company in a research note on Tuesday, July 4th. BidaskClub cut FireEye from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. UBS AG set a $16.00 price target on FireEye and gave the company a “hold” rating in a research note on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Finally, Evercore ISI set a $20.00 price target on FireEye and gave the company a “buy” rating in a research note on Tuesday, August 1st.
In other 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Travis M. Reese sold 11,555 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $17.50, for a total transaction of $202,212.50. Following the transaction, the president now directly owns 508,210 shares in the company, valued at approximately $8,893,675. The disclosure for this sale can be found here. Insiders have sold a total of 194,884 shares of company stock worth $3,210,523 in the last three months. Insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FEYE. ETF Managers Group LLC bought a new position in shares of FireEye during the 2nd quarter worth about $43,372,000. Balyasny Asset Management LLC boosted its position in shares of FireEye by 213.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock worth $44,144,000 after purchasing an additional 1,975,924 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of FireEye by 81.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after purchasing an additional 1,548,425 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FireEye by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares in the last quarter. Finally, Boston Advisors LLC bought a new position in shares of FireEye during the 2nd quarter worth about $10,591,000. 67.98% of the stock is currently owned by institutional investors.
Shares of FireEye (NASDAQ:FEYE) opened at 16.70 on Friday. The firm’s market capitalization is $3.04 billion. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00. The company’s 50-day moving average price is $17.01 and its 200-day moving average price is $15.23.
FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the 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 analysts’ expectations of $176.39 million. During the same period in the prior year, the company earned ($0.33) earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts anticipate that FireEye will post ($0.21) EPS for the current year.
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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