FireEye, Inc. (FEYE) Price Target Lowered to $16.00 at BMO Capital Markets

FireEye, Inc. (NASDAQ:FEYE) had its target price cut by BMO Capital Markets from $17.00 to $16.00 in a research report report published on Thursday. They currently have a market perform rating on the information security company’s stock.

FEYE has been the topic of a number of other reports. BidaskClub raised shares of FireEye from a strong sell rating to a sell rating in a research report on Friday, August 25th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the stock a buy rating in a research note on Sunday, October 15th. UBS AG set a $16.00 target price on shares of FireEye and gave the company a hold rating in a research note on Friday, July 7th. Deutsche Bank AG upped their target price on shares of FireEye from $13.00 to $15.00 and gave the company a hold rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC restated an equal weight rating and issued a $16.00 price objective (up previously from $14.00) on shares of FireEye in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $17.26.

FireEye (NASDAQ FEYE) traded down $0.14 during mid-day trading on Thursday, hitting $14.55. 7,070,921 shares of the company’s stock were exchanged, compared to its average volume of 4,151,985. FireEye has a one year low of $10.35 and a one year high of $18.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.06 and a current ratio of 2.07.

FireEye (NASDAQ:FEYE) last released its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $189.60 million for 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 business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. research analysts expect that FireEye will post -1.09 EPS for the current year.

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In other FireEye news, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were 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 SEC, which is available through this hyperlink. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders have sold 125,000 shares of company stock worth $2,200,000. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in shares of FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after acquiring an additional 1,528 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of FireEye by 15.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after acquiring an additional 1,252 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of FireEye in the 2nd quarter valued at approximately $142,000. FNY Partners Fund LP raised its position in shares of FireEye by 900.0% in the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock valued at $152,000 after acquiring an additional 9,000 shares during the period. Finally, Sigma Planning Corp raised its position in shares of FireEye by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock valued at $164,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds 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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