BMO Capital Markets reissued their market perform rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research report released on Tuesday. The firm currently has a $17.00 price objective on the information security company’s stock, up from their prior price objective of $15.00.
Other equities research analysts have also issued reports about the stock. Vetr lowered shares of FireEye from a strong-buy rating to a buy rating and set a $16.36 target price on the stock. in a report on Monday, May 8th. Evercore ISI reissued a buy rating and set a $16.00 target price (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a buy rating and set a $17.00 target price (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Stifel Nicolaus reissued a buy rating and set a $20.00 target price (up from $17.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BTIG Research restated a buy rating and issued a $18.00 price target (up previously from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. FireEye presently has a consensus rating of Hold and an average target price of $15.97.
Shares of FireEye (NASDAQ FEYE) traded up 0.86% during trading on Tuesday, reaching $14.01. 3,463,983 shares of the company traded hands. The firm’s market capitalization is $2.55 billion. FireEye has a 12-month low of $10.35 and a 12-month high of $16.40. The company has a 50 day moving average price of $15.23 and a 200 day moving average price of $13.51.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The firm had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts predict that FireEye will post ($0.21) EPS for the current year.
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In other news, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after buying an additional 32,147 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in FireEye during the first quarter valued at about $251,000. Paloma Partners Management Co purchased a new stake in FireEye during the first quarter valued at about $1,202,000. AlphaOne Investment Services LLC purchased a new stake in FireEye during the first quarter valued at about $4,338,000. Finally, Baird Financial Group Inc. purchased a new stake in FireEye during the first quarter valued at about $661,000. Hedge funds and other institutional investors own 67.16% 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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