Evercore ISI reaffirmed their buy rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research note issued to investors on Thursday morning. Evercore ISI currently has a $20.00 target price on the information security company’s stock.
A number of other research analysts also recently issued reports on the stock. BTIG Research reissued a buy rating and set a $18.00 price objective (up from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a buy rating on shares of FireEye in a research report on Wednesday, July 19th. Vetr cut shares of FireEye from a strong-buy rating to a buy rating and set a $17.31 price target on the stock. in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of FireEye from a hold rating to a buy rating and set a $16.00 target price on the stock in a research note on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and set a $19.00 target price on shares of FireEye in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $17.26.
FireEye (FEYE) traded down $0.14 during mid-day trading on Thursday, hitting $14.55. 7,070,921 shares of the stock were exchanged, compared to its average volume of 4,151,985. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.07 and a quick ratio of 2.06. FireEye has a one year low of $10.35 and a one year high of $18.00.
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 consensus estimate of ($0.07) by $0.03. The business had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.37%. FireEye’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) earnings per share. equities research analysts predict that FireEye will post -1.09 EPS for the current year.
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In other news, President Travis M. Reese sold 11,555 shares of FireEye stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.50, for a total value of $202,212.50. Following the completion of the sale, the president now owns 508,210 shares of the company’s stock, valued at $8,893,675. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction on Tuesday, October 10th. The shares were 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. Over the last ninety days, insiders have sold 125,000 shares of company stock valued at $2,200,000. 2.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of FEYE. Principal Financial Group Inc. lifted its stake in shares of FireEye by 17.8% in the third 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 position in shares of FireEye during the third quarter valued at approximately $168,000. Perkins Capital Management Inc. bought a new position in shares of FireEye during the third quarter valued at approximately $214,000. Frontier Capital Management Co. LLC bought a new position in shares of FireEye during the third quarter valued at approximately $5,921,000. Finally, K.J. Harrison & Partners Inc bought a new position in shares of FireEye during the third 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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