Brokerages Expect FireEye, Inc. (FEYE) to Post -$0.01 Earnings Per Share

Brokerages predict that FireEye, Inc. (NASDAQ:FEYE) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for FireEye’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.06). FireEye posted earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The business is expected to announce its next earnings report on Thursday, February 1st.

On average, analysts expect that FireEye will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.22) to ($0.16). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.05) to $0.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow FireEye.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The company had revenue of $189.60 million during the quarter, compared to analysts’ expectations of $186.41 million. During the same period in the prior year, the business posted ($0.18) EPS. FireEye’s revenue was up 1.7% on a year-over-year basis.

A number of research firms have weighed in on FEYE. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $23.00 price target on shares of FireEye in a research report on Wednesday, August 2nd. BMO Capital Markets upped their price objective on FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of FireEye in a research note on Wednesday, August 2nd. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Standpoint Research cut FireEye from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.22.

Shares of FireEye (FEYE) traded up $0.17 on Friday, hitting $13.93. The company had a trading volume of 2,796,719 shares, compared to its average volume of 5,523,065. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00.

In other news, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald E. F. Codd sold 6,767 shares of FireEye stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the sale, the director now directly owns 7,099 shares in the company, valued at $96,333.43. The disclosure for this sale can be found here. Insiders have sold 131,767 shares of company stock worth $2,291,828 over the last three months. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in FEYE. ETF Managers Group LLC acquired a new stake in shares of FireEye during the second quarter valued at about $43,372,000. Balyasny Asset Management LLC raised its position in shares of FireEye by 213.3% during the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock worth $44,144,000 after acquiring an additional 1,975,924 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of FireEye by 81.7% during the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after acquiring an additional 1,548,425 shares during the last quarter. Vanguard Group Inc. raised its position in shares of FireEye by 7.9% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after acquiring an additional 917,967 shares during the last quarter. Finally, Boston Advisors LLC bought a new position in shares of FireEye during the second quarter worth about $10,591,000. 66.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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