Barclays Raises FireEye (FEYE) Price Target to $17.00

FireEye (NASDAQ:FEYE) had its price target upped by equities researchers at Barclays from $16.00 to $17.00 in a research report issued on Friday. The brokerage currently has an “equal weight” rating on the information security company’s stock. Barclays’ price objective points to a potential upside of 10.10% from the stock’s previous close.

Several other brokerages also recently issued reports on FEYE. Cowen reissued a “hold” rating and set a $15.00 price objective on shares of FireEye in a research report on Thursday, October 12th. Northland Securities set a $22.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday, October 12th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Sunday, October 15th. Oppenheimer lowered their price objective on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, BMO Capital Markets lowered their price objective on shares of FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. FireEye has an average rating of “Buy” and a consensus price target of $18.09.

Shares of FireEye (FEYE) traded up $1.32 during mid-day trading on Friday, hitting $15.44. 21,190,000 shares of the stock traded hands, compared to its average volume of 3,170,000. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00. The company has a market capitalization of $2,850.00, a P/E ratio of -9.30 and a beta of 0.57.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company had revenue of $202.30 million during the quarter, compared to the consensus estimate of $193.74 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts predict that FireEye will post -1.07 earnings per share for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in FireEye by 20.3% in the second quarter. Public Employees Retirement System of Ohio now owns 62,940 shares of the information security company’s stock valued at $957,000 after acquiring an additional 10,631 shares during the last quarter. FNY Partners Fund LP lifted its stake in FireEye by 84.9% in the third quarter. FNY Partners Fund LP now owns 18,490 shares of the information security company’s stock valued at $310,000 after acquiring an additional 8,490 shares during the last quarter. Private Advisor Group LLC lifted its stake in FireEye by 80.5% in the third quarter. Private Advisor Group LLC now owns 18,856 shares of the information security company’s stock valued at $338,000 after acquiring an additional 8,408 shares during the last quarter. D.A. Davidson & CO. lifted its stake in FireEye by 21.1% in the third quarter. D.A. Davidson & CO. now owns 59,772 shares of the information security company’s stock valued at $1,002,000 after acquiring an additional 10,405 shares during the last quarter. Finally, Boston Advisors LLC lifted its stake in FireEye by 9.2% in the third quarter. Boston Advisors LLC now owns 760,345 shares of the information security company’s stock valued at $12,751,000 after acquiring an additional 64,010 shares during the last quarter. Hedge funds and other institutional investors own 68.18% of the company’s stock.

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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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