FireEye Inc (FEYE) Receives Average Recommendation of “Buy” from Analysts

Shares of FireEye Inc (NASDAQ:FEYE) have received a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.27.

Several analysts have weighed in on the company. Evercore ISI reiterated a “buy” rating and set a $22.00 price target on shares of FireEye in a research note on Thursday, August 23rd. BidaskClub upgraded FireEye from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wedbush boosted their price target on FireEye from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, October 8th. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, BMO Capital Markets boosted their price target on FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, October 31st.

FireEye stock opened at $20.01 on Monday. The company has a current ratio of 2.02, a quick ratio of 2.01 and a debt-to-equity ratio of 1.46. FireEye has a fifty-two week low of $13.52 and a fifty-two week high of $20.61.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $211.65 million for the quarter, compared to the consensus estimate of $208.46 million. FireEye had a negative return on equity of 22.98% and a negative net margin of 33.32%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. Equities analysts forecast that FireEye will post -0.71 earnings per share for the current year.

In other news, EVP William T. Robbins sold 6,187 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $18.66, for a total value of $115,449.42. Following the sale, the executive vice president now owns 228,257 shares in the company, valued at $4,259,275.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William T. Robbins sold 33,591 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $18.00, for a total value of $604,638.00. Following the completion of the sale, the executive vice president now owns 325,853 shares in the company, valued at approximately $5,865,354. The disclosure for this sale can be found here. Insiders sold 99,643 shares of company stock worth $1,862,222 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in FireEye by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock worth $33,711,000 after purchasing an additional 368,666 shares during the period. Natixis raised its holdings in FireEye by 39.9% in the 2nd quarter. Natixis now owns 164,058 shares of the information security company’s stock worth $2,525,000 after purchasing an additional 46,768 shares during the period. Millennium Management LLC raised its holdings in FireEye by 125.8% in the 2nd quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock worth $23,230,000 after purchasing an additional 841,080 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in FireEye by 11.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 614,122 shares of the information security company’s stock worth $9,452,000 after purchasing an additional 61,235 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in FireEye by 166.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock worth $119,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 74.10% of the company’s stock.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

Recommended Story: What are the most popular ETFs

Analyst Recommendations for FireEye (NASDAQ:FEYE)

Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply