Evercore ISI set a $20.00 price objective on FireEye, Inc. (NASDAQ:FEYE) in a report issued on Tuesday. The firm currently has a buy rating on the information security company’s stock.
A number of other research analysts have also weighed in on the company. Vetr raised FireEye from a buy rating to a strong-buy rating and set a $16.36 price objective for the company in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $17.00 price objective (up previously from $15.00) on shares of FireEye in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $23.00 target price on shares of FireEye in a report on Thursday, May 4th. Stifel Nicolaus reissued a buy rating and issued a $20.00 target price (up previously from $17.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered FireEye from a buy rating to a hold rating in a report on Monday, April 10th. Two analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $15.84.
Shares of FireEye (FEYE) opened at 14.36 on Tuesday. The company’s market cap is $2.54 billion. FireEye has a one year low of $10.35 and a one year high of $17.70. The company’s 50-day moving average price is $15.39 and its 200 day moving average price is $13.45.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 25.87% and a negative net margin of 46.37%. The company had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. During the same quarter last year, the company earned ($0.33) EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that FireEye will post ($0.22) earnings per share for the current year.
In other news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the transaction, the executive vice president now directly owns 428,733 shares in the company, valued at $6,199,479.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in FEYE. Shapiro Capital Management LLC increased its position in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after buying an additional 2,859,910 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of FireEye during the first quarter valued at approximately $25,988,000. Norges Bank acquired a new position in shares of FireEye during the fourth quarter valued at approximately $16,275,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock valued at $31,934,000 after buying an additional 1,014,120 shares during the last quarter. Finally, Boston Advisors LLC acquired a new position in shares of FireEye during the second quarter valued at approximately $10,591,000. Institutional investors and hedge funds own 67.94% of the company’s stock.
About FireEye
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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