FireEye (NASDAQ:FEYE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, February 14th.
Other analysts have also issued reports about the stock. Oppenheimer reiterated a “buy” rating and set a $23.00 price target on shares of FireEye in a report on Thursday, October 19th. Evercore ISI reiterated a “buy” rating and set a $20.00 price target on shares of FireEye in a report on Thursday, November 2nd. Dougherty & Co upgraded FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, November 2nd. Stephens reiterated a “buy” rating and set a $23.00 price target on shares of FireEye in a report on Friday, February 9th. Finally, Barclays increased their price target on FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. FireEye has an average rating of “Buy” and an average price target of $18.09.
Shares of FireEye (FEYE) opened at $16.46 on Wednesday. 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 cap of $3,016.17, a PE ratio of -9.63 and a beta of 0.57.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. equities research analysts predict that FireEye will post -0.83 EPS for the current fiscal year.
In other FireEye news, CEO Kevin R. Mandia sold 113,130 shares of FireEye stock in a transaction on Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $1,832,706.00. Following the completion of the transaction, the chief executive officer now directly owns 3,119,643 shares of the company’s stock, valued at $50,538,216.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Travis M. Reese sold 74,962 shares of FireEye stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $16.20, for a total value of $1,214,384.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 378,215 shares of company stock valued at $6,139,025. Company insiders own 2.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares during the period. Resources Investment Advisors Inc. increased its position in FireEye by 96.9% in the fourth quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after purchasing an additional 3,607 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in FireEye in the third quarter worth about $129,000. State of Alaska Department of Revenue acquired a new stake in FireEye in the fourth quarter worth about $146,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in FireEye in the third quarter worth about $168,000. Hedge funds and other institutional investors own 68.93% 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).
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