FireEye, Inc. (NASDAQ:FEYE) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.03-0.00) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.01). The company issued revenue guidance of $190-196 million, compared to the consensus revenue estimate of $195.76 million.
FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) earnings per share.
FEYE has been the topic of several analyst reports. BMO Capital Markets increased their target price on FireEye from $15.00 to $17.00 and gave the company a market perform rating in a research note on Wednesday, August 2nd. BidaskClub raised FireEye from a strong sell rating to a sell rating in a research report on Friday, August 25th. KeyCorp reaffirmed a hold rating on shares of FireEye in a research report on Friday, October 27th. Stifel Nicolaus reiterated a buy rating on shares of FireEye in a report on Wednesday, July 19th. Finally, Barclays PLC reiterated an equal weight rating and set a $16.00 price objective (up from $14.00) on shares of FireEye in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. FireEye has an average rating of Hold and a consensus price target of $17.13.
In other FireEye news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the transaction, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at approximately $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 FireEye stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the completion of the transaction, the president now directly owns 508,210 shares of the company’s stock, valued at $8,893,675. The disclosure for this sale can be found here. Over the last three months, insiders have sold 194,884 shares of company stock valued at $3,210,523. 2.40% of the stock is currently owned by insiders.
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An institutional investor recently raised its position in FireEye stock. The Manufacturers Life Insurance Company raised its stake in FireEye, Inc. (NASDAQ:FEYE) by 30.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,623 shares of the information security company’s stock after acquiring an additional 1,528 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 at the end of the most recent quarter. 68.16% of the stock is currently 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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