FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating restated by equities research analysts at Cowen and Company in a report issued on Thursday. They presently have a $15.00 price target on the information security company’s stock. Cowen and Company’s price target suggests a potential downside of 14.24% from the company’s current price.
A number of other analysts have also weighed in on the stock. Northland Securities set a $22.00 target price on shares of FireEye and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $17.00 target price on shares of FireEye in a report on Thursday, October 5th. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $18.50 target price on shares of FireEye in a report on Tuesday, September 26th. Finally, Bank of America Corporation increased their target price on shares of FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. FireEye currently has a consensus rating of “Hold” and a consensus target price of $17.13.
Shares of FireEye (NASDAQ:FEYE) traded down 0.486% on Thursday, hitting $17.405. The stock had a trading volume of 2,703,511 shares. The firm has a 50 day moving average of $16.35 and a 200-day moving average of $14.87. The firm’s market capitalization is $3.17 billion. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. FireEye’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) earnings per share. Equities analysts predict that FireEye will post ($0.21) earnings per share for the current year.
In related news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.50, for a total transaction of $202,212.50. Following the sale, the president now directly owns 508,210 shares of the company’s stock, valued at approximately $8,893,675. The disclosure for this sale can be found here. Insiders have sold 194,884 shares of company stock valued at $3,210,523 in the last three months. 2.40% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. WFG Advisors LP grew its position in FireEye by 5.1% in the 2nd quarter. WFG Advisors LP now owns 31,586 shares of the information security company’s stock worth $480,000 after purchasing an additional 1,521 shares during the period. Public Employees Retirement System of Ohio grew its position in FireEye by 20.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 62,940 shares of the information security company’s stock worth $957,000 after purchasing an additional 10,631 shares during the period. Verition Fund Management LLC grew its position in FireEye by 3.8% in the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after purchasing an additional 469 shares during the period. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in FireEye in the 2nd quarter worth approximately $534,000. Finally, California State Teachers Retirement System grew its position in FireEye by 5.1% in the 2nd quarter. California State Teachers Retirement System now owns 323,171 shares of the information security company’s stock worth $4,915,000 after purchasing an additional 15,552 shares during the period. 67.59% of the stock is owned by institutional investors and hedge funds.
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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