A number of other equities analysts have also issued reports on FEYE. Vetr raised FireEye from a buy rating to a strong-buy rating and set a $17.31 target price on the stock in a research report on Tuesday, July 4th. BidaskClub lowered FireEye from a hold rating to a sell rating in a research report on Thursday, July 6th. UBS AG set a $16.00 target price on FireEye and gave the company a hold rating in a research report on Friday, July 7th. Stifel Nicolaus reaffirmed a buy rating on shares of FireEye in a research report on Wednesday, July 19th. Finally, Evercore ISI set a $20.00 target price on FireEye and gave the company a buy rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $17.13.
Shares of FireEye (NASDAQ FEYE) traded up 1.18% during trading on Friday, reaching $17.17. 526,852 shares of the company’s stock traded hands. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a 50 day moving average price of $17.03 and a 200 day moving average price of $15.31. The stock’s market capitalization is $3.13 billion.
FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same period in the prior year, the company posted ($0.33) EPS. FireEye’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that FireEye will post ($0.21) EPS for the current fiscal year.
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In other news, President Travis M. Reese sold 88,445 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total value of $1,547,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexa King sold 25,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 194,884 shares of company stock valued at $3,210,523. Company insiders own 2.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after purchasing an additional 1,252 shares in the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of FireEye in the second quarter worth $142,000. FNY Partners Fund LP grew its stake in shares of FireEye by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Exane Derivatives bought a new position in shares of FireEye in the third quarter worth $168,000. 68.16% of the stock is owned by institutional investors.
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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