FireEye, Inc. (NASDAQ:FEYE) released its earnings results on Wednesday. The information security company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03, Bloomberg Earnings reports. The company had revenue of $189.60 million during the quarter, compared to the consensus estimate of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.37%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) EPS. FireEye updated its Q4 guidance to ($0.03-0.00) EPS.
In other news, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Travis M. Reese sold 88,445 shares of FireEye stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 125,000 shares of company stock worth $2,200,000 in the last three months. 2.40% of the stock is owned by insiders.
An institutional investor recently raised its position in FireEye stock. The Manufacturers Life Insurance Company boosted its stake in shares of FireEye, Inc. (NASDAQ:FEYE) by 30.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,623 shares of the information security company’s stock after purchasing an additional 1,528 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 at the end of the most recent reporting period. 68.16% of the stock is currently owned by institutional investors.
FEYE has been the subject of several research analyst reports. Evercore ISI set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of FireEye in a research report on Wednesday, August 2nd. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price objective for the company. in a research report on Wednesday, July 12th. BTIG Research reaffirmed a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.16.
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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