Zacks: Brokerages Expect FireEye Inc (FEYE) Will Announce Earnings of -$0.01 Per Share

Wall Street brokerages expect that FireEye Inc (NASDAQ:FEYE) will report ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for FireEye’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.00. FireEye reported earnings per share of ($0.03) in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that FireEye will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.16). For the next financial year, analysts anticipate that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.05) to $0.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow FireEye.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The firm had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year.

Several equities research analysts have issued reports on FEYE shares. Wedbush reaffirmed a “neutral” rating and set a $15.00 price target (up previously from $14.00) on shares of FireEye in a research note on Thursday, November 2nd. Bank of America lifted their price target on FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Evercore ISI reaffirmed a “buy” rating and set a $20.00 price target on shares of FireEye in a research note on Thursday, November 2nd. Northland Securities set a $22.00 price target on FireEye and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, BMO Capital Markets dropped their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.22.

In related news, Director Ronald E. F. Codd sold 6,767 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.57, for a total transaction of $91,828.19. Following the transaction, the director now owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of FireEye by 30.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after acquiring an additional 1,528 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in shares of FireEye during the 3rd quarter worth approximately $129,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of FireEye by 15.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after acquiring an additional 1,252 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of FireEye during the 4th quarter worth approximately $146,000. Finally, Exane Derivatives purchased a new position in shares of FireEye during the 3rd quarter worth approximately $168,000. Institutional investors own 68.41% of the company’s stock.

Shares of FireEye (NASDAQ:FEYE) traded down $0.10 during mid-day trading on Monday, reaching $15.00. The company’s stock had a trading volume of 2,925,700 shares, compared to its average volume of 3,229,100. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye has a 52-week low of $10.35 and a 52-week high of $18.00. The company has a market capitalization of $2,710.00, a price-to-earnings ratio of -9.04 and a beta of 0.52.

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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).

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