Equities research analysts predict that FireEye Inc (NASDAQ:FEYE) will report $201.36 million in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for FireEye’s earnings, with the highest sales estimate coming in at $202.20 million and the lowest estimate coming in at $200.70 million. FireEye posted sales of $185.47 million in the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that FireEye will report full year sales of $825.02 million for the current year, with estimates ranging from $820.11 million to $828.30 million. For the next fiscal year, analysts expect that the firm will report sales of $883.85 million per share, with estimates ranging from $868.00 million to $894.78 million. Zacks’ sales calculations are an average based on a survey of research firms that cover FireEye.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, May 2nd. The information security company reported ($0.04) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $199.07 million during the quarter, compared to analyst estimates of $193.91 million. FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS.
Several research analysts have commented on the company. Zacks Investment Research raised FireEye from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, April 10th. BidaskClub upgraded FireEye from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. Evercore ISI reaffirmed a “buy” rating and issued a $20.00 price target on shares of FireEye in a research note on Thursday, March 1st. Barclays boosted their price target on FireEye from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, May 3rd. Finally, ValuEngine raised FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $19.30.
Shares of FireEye traded down $0.27, hitting $17.03, during trading on Friday, MarketBeat.com reports. 4,140,931 shares of the stock traded hands, compared to its average volume of 3,130,855. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.71 and a quick ratio of 1.70. FireEye has a twelve month low of $13.40 and a twelve month high of $19.36. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of -15.62 and a beta of 0.35.
In related news, EVP Alexa King sold 3,190 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total value of $55,346.50. Following the transaction, the executive vice president now owns 450,725 shares in the company, valued at $7,820,078.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in FEYE. Summit Trail Advisors LLC increased its stake in FireEye by 1,553.5% in the first quarter. Summit Trail Advisors LLC now owns 275,096 shares of the information security company’s stock valued at $275,000 after acquiring an additional 258,459 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in FireEye during the first quarter valued at about $1,196,000. Xact Kapitalforvaltning AB boosted its position in FireEye by 44.5% during the first quarter. Xact Kapitalforvaltning AB now owns 21,434 shares of the information security company’s stock valued at $363,000 after buying an additional 6,600 shares during the period. Legal & General Group Plc boosted its position in FireEye by 1,276.3% during the first quarter. Legal & General Group Plc now owns 1,177,816 shares of the information security company’s stock valued at $19,940,000 after buying an additional 1,092,239 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of FireEye during the first quarter worth about $1,852,000. 65.35% of the stock is currently owned by hedge funds and other institutional investors.
FireEye Company Profile
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.
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