FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a report released on Thursday. They currently have a $15.00 price target on the information security company’s stock, up from their prior price target of $14.00. Wedbush’s target price points to a potential downside of 11.35% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BTIG Research reaffirmed a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a research report on Wednesday, July 19th. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price objective on the stock. in a research report on Wednesday, July 12th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. FireEye presently has an average rating of “Hold” and an average target price of $17.20.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The firm had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis.

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In related news, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were 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. Over the last quarter, insiders have sold 125,000 shares of company stock valued at $2,200,000. Corporate insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC raised its stake in FireEye by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock valued at $233,000 after purchasing an additional 100 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in FireEye by 1.4% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock valued at $219,000 after purchasing an additional 200 shares during the last quarter. Sigma Planning Corp raised its stake in FireEye by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock valued at $164,000 after purchasing an additional 266 shares during the last quarter. Verition Fund Management LLC raised its stake in FireEye by 3.8% during the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock valued at $194,000 after purchasing an additional 469 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in FireEye by 5.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock valued at $197,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 68.16% 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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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