Wedbush reissued their neutral rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research report sent to investors on Thursday morning. Wedbush currently has a $15.00 price objective on the information security company’s stock, up from their previous price objective of $14.00.
Several other analysts have also issued reports on the stock. Dougherty & Co upgraded shares of 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. KeyCorp reiterated a hold rating on shares of FireEye in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. reissued a buy rating and issued a $23.00 price target on shares of FireEye in a research note on Thursday, October 19th. Evercore ISI set a $20.00 price target on shares of FireEye and gave the stock a buy rating in a research note on Sunday, October 15th. Finally, Cowen and Company reissued a hold rating and issued a $15.00 price target on shares of FireEye in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. FireEye currently has an average rating of Hold and an average price target of $17.19.
Shares of FireEye (FEYE) traded down $1.83 during midday trading on Thursday, hitting $14.55. 7,070,921 shares of the stock traded hands, compared to its average volume of 3,880,000. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a current ratio of 2.07, a quick ratio of 2.06 and a debt-to-equity ratio of 0.96.
FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.37%. The business had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. During the same quarter last year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts predict that FireEye will post -1.09 earnings per share for the current fiscal year.
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In related news, 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 value of $1,547,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $450,000.00. The disclosure for this sale can be found here. Insiders sold 125,000 shares of company stock valued at $2,200,000 in the last 90 days. Company insiders own 2.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Exencial Wealth Advisors LLC grew its holdings in shares of FireEye by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock valued at $233,000 after purchasing an additional 100 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in FireEye by 1.4% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock worth $219,000 after acquiring an additional 200 shares in the last quarter. Sigma Planning Corp grew its holdings in FireEye by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after acquiring an additional 266 shares in the last quarter. Verition Fund Management LLC grew its holdings in FireEye by 3.8% during the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after acquiring an additional 469 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in FireEye by 5.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock worth $197,000 after acquiring an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 68.16% of the company’s stock.
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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