FireEye (NASDAQ:FEYE) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other analysts also recently issued reports about the stock. Evercore ISI reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FireEye in a report on Thursday, March 1st. Stephens reaffirmed a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Friday, February 9th. Barclays upped their price objective on shares of FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of FireEye from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, BMO Capital Markets upped their price objective on shares of FireEye from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.17.
Shares of FEYE stock opened at $17.58 on Wednesday. The company has a market cap of $3,362.16, a price-to-earnings ratio of -10.28 and a beta of 0.42. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.05. FireEye has a twelve month low of $11.18 and a twelve month high of $18.84.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $202.30 million for the quarter, compared to the consensus estimate of $193.74 million. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. sell-side analysts predict that FireEye will post -0.83 earnings per share for the current fiscal year.
In other FireEye news, President Travis M. Reese sold 100,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the completion of the transaction, the president now directly owns 810,829 shares in the company, valued at $14,189,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alexa King sold 108,565 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.31, for a total transaction of $1,770,695.15. Following the transaction, the executive vice president now owns 514,800 shares of the company’s stock, valued at $8,396,388. The disclosure for this sale can be found here. Over the last quarter, insiders sold 478,215 shares of company stock valued at $7,889,025. Company insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of FEYE. The Manufacturers Life Insurance Company raised its position in FireEye by 30.0% during the second 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. Resources Investment Advisors Inc. raised its position in FireEye by 96.9% during the fourth quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after acquiring an additional 3,607 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in FireEye during the third quarter worth $129,000. State of Alaska Department of Revenue acquired a new position in FireEye during the fourth quarter worth $146,000. Finally, Prudential Financial Inc. acquired a new position in FireEye during the third quarter worth $168,000. Institutional investors own 65.23% of the company’s stock.
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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