FireEye, Inc. (NASDAQ:FEYE) has been assigned an average rating of “Hold” from the thirty-six research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.23.
A number of equities research analysts have recently issued reports on the company. BMO Capital Markets cut their target price on FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday. Oppenheimer Holdings, Inc. cut their target price on FireEye from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday. Wedbush reaffirmed a “neutral” rating and set a $15.00 target price (up from $14.00) on shares of FireEye in a research report on Thursday. Dougherty & Co raised FireEye from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday. Finally, Evercore ISI reaffirmed a “buy” rating and set a $20.00 target price on shares of FireEye in a research report on Thursday.
FireEye (NASDAQ:FEYE) traded down $1.83 on Friday, hitting $14.55. The stock had a trading volume of 7,070,921 shares, compared to its average volume of 4,151,985. The company has a quick ratio of 2.06, a current ratio of 2.07 and a debt-to-equity ratio of 0.96.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. FireEye had a negative return on equity of 23.37% and a negative net margin of 39.29%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) EPS. research analysts forecast that FireEye will post -1.09 earnings per share for the current fiscal year.
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In other news, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total transaction of $1,547,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction dated 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 quarter, insiders have sold 125,000 shares of company stock valued at $2,200,000. 2.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of FireEye by 17.8% during the 3rd quarter. Principal Financial Group Inc. now owns 22,477 shares of the information security company’s stock worth $377,000 after acquiring an additional 3,393 shares in the last quarter. Prudential Financial Inc. bought a new stake in FireEye during the 3rd quarter valued at approximately $168,000. Perkins Capital Management Inc. bought a new stake in FireEye during the 3rd quarter valued at approximately $214,000. Frontier Capital Management Co. LLC bought a new stake in FireEye during the 3rd quarter valued at approximately $5,921,000. Finally, K.J. Harrison & Partners Inc bought a new stake in FireEye during the 3rd quarter valued at approximately $168,000. Institutional investors own 68.16% 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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