FireEye, Inc. (NASDAQ:FEYE) posted its quarterly earnings results on Wednesday. The information security company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03, Bloomberg Earnings reports. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. During the same period in the previous year, the company posted ($0.18) EPS. FireEye’s revenue was up 1.7% on a year-over-year basis. FireEye updated its Q4 guidance to ($0.03-0.00) EPS.

FEYE has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $19.00 price target on shares of FireEye in a report on Wednesday, August 23rd. BidaskClub cut 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 target 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 boosted their price target for the company 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 equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.13.

In other FireEye news, EVP Alexa King sold 69,884 shares of FireEye 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 completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Travis M. Reese sold 11,555 shares of FireEye 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 completion of the sale, the president now owns 508,210 shares of the company’s stock, 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 valued at $3,210,523 in the last ninety days. 2.40% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in FireEye stock. The Manufacturers Life Insurance Company boosted its holdings in FireEye, Inc. (NASDAQ:FEYE) by 30.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,623 shares of the information security company’s stock after purchasing an additional 1,528 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 at the end of the most recent reporting period. 68.16% of the stock is currently owned by institutional investors and hedge funds.

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About FireEye

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).

Earnings History for FireEye (NASDAQ:FEYE)

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