FireEye, Inc. (FEYE) Expected to Announce Earnings of -$0.01 Per Share

Equities research analysts expect that FireEye, Inc. (NASDAQ:FEYE) will announce earnings per share of ($0.01) for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for FireEye’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.06). FireEye posted earnings per share of ($0.03) in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The business is scheduled to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that FireEye will report full-year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to ($0.16). For the next financial year, analysts forecast that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.05) to $0.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow FireEye.

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

Several equities analysts have weighed in on FEYE shares. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, August 7th. BTIG Research restated a “buy” rating and issued a $18.00 price objective (up from $17.00) on shares of FireEye in a report on Tuesday, August 8th. BMO Capital Markets restated a “market perform” rating and issued a $17.00 price objective (up from $15.00) on shares of FireEye in a report on Tuesday, August 8th. Deutsche Bank restated a “hold” rating and issued a $15.00 price objective on shares of FireEye in a report on Tuesday, August 8th. Finally, Evercore ISI set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.22.

In other FireEye news, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.50, for a total transaction of $202,212.50. Following the completion of the transaction, the president now directly owns 508,210 shares in the company, valued at approximately $8,893,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were 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 of the company’s stock, valued at $96,333.43. The disclosure for this sale can be found here. Insiders sold a total of 131,767 shares of company stock valued at $2,291,828 in the last 90 days. Company insiders own 2.40% of the company’s stock.

A number of large investors have recently bought and sold shares of FEYE. Oppenheimer & Co. Inc. grew its holdings in shares of FireEye by 13.2% during the second quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock worth $3,705,000 after buying an additional 28,450 shares in the last quarter. Unterberg Capital LLC purchased a new stake in shares of FireEye during the second quarter worth about $4,031,000. Canada Pension Plan Investment Board grew its holdings in shares of FireEye by 31.9% during the second quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock worth $1,045,000 after buying an additional 16,600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of 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 worth $957,000 after acquiring an additional 10,631 shares during the last quarter. Finally, Boston Advisors LLC boosted its position in shares of FireEye by 9.2% in the third quarter. Boston Advisors LLC now owns 760,345 shares of the information security company’s stock worth $12,751,000 after acquiring an additional 64,010 shares during the last quarter. Hedge funds and other institutional investors own 68.39% of the company’s stock.

FireEye (NASDAQ FEYE) traded up $0.04 during trading hours on Friday, reaching $13.76. 2,267,096 shares of the company’s stock traded hands, compared to its average volume of 5,426,522. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00. FireEye has a 12 month low of $10.35 and a 12 month high of $18.00.

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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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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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