FireEye (FEYE) Upgraded at BidaskClub

BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a hold rating to a buy rating in a report issued on Friday morning.

Other equities research analysts have also recently issued research reports about the company. Wedbush lifted their price target on FireEye from $16.00 to $18.00 and gave the company a neutral rating in a report on Monday, October 8th. BMO Capital Markets lifted their price target on FireEye from $17.00 to $18.00 and gave the company a market perform rating in a report on Wednesday, October 31st. Deutsche Bank lifted their price target on FireEye from $18.00 to $20.00 and gave the company a hold rating in a report on Wednesday, October 31st. Citigroup lifted their price target on FireEye from $17.00 to $18.00 and gave the company a neutral rating in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies lifted their price target on FireEye to $22.00 and gave the company an overweight rating in a report on Wednesday, October 31st. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $20.13.

FEYE opened at $16.78 on Friday. The company has a market cap of $3.31 billion, a PE ratio of -15.39 and a beta of 0.51. The company has a current ratio of 2.02, a quick ratio of 2.01 and a debt-to-equity ratio of 1.46. FireEye has a twelve month low of $13.60 and a twelve month high of $20.61.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $211.65 million for the quarter, compared to analysts’ expectations of $208.46 million. FireEye had a negative return on equity of 22.98% and a negative net margin of 33.32%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, analysts anticipate that FireEye will post -0.71 earnings per share for the current year.

In other FireEye news, President Travis M. Reese sold 3,094 shares of FireEye stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $18.66, for a total transaction of $57,734.04. Following the transaction, the president now directly owns 711,966 shares in the company, valued at approximately $13,285,285.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alexa King sold 4,828 shares of FireEye stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $20.00, for a total transaction of $96,560.00. The disclosure for this sale can be found here. Insiders sold 99,643 shares of company stock worth $1,862,222 in the last ninety days. 2.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in FireEye by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares in the last quarter. Vanguard Group Inc grew its position in FireEye by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in FireEye during the 3rd quarter worth approximately $75,475,000. Fisher Asset Management LLC grew its position in FireEye by 41.4% during the 3rd quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock worth $54,605,000 after purchasing an additional 939,932 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in FireEye by 4.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,421,230 shares of the information security company’s stock worth $41,160,000 after purchasing an additional 100,995 shares in the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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