According to Zacks, “FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California. “
A number of other research analysts have also weighed in on the stock. Wunderlich assumed coverage on shares of FireEye in a research report on Tuesday, September 13th. They set a hold rating and a $16.00 target price for the company. Pacific Crest reissued a hold rating on shares of FireEye in a research report on Sunday, May 22nd. Citigroup Inc. lowered shares of FireEye from a buy rating to a neutral rating and cut their target price for the stock from $22.00 to $18.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. lowered shares of FireEye from an overweight rating to a neutral rating and cut their target price for the stock from $20.00 to $15.00 in a research report on Friday, August 5th. Finally, Nomura reissued a buy rating and set a $22.50 target price on shares of FireEye in a research report on Thursday, September 8th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. FireEye presently has a consensus rating of Hold and an average target price of $24.84.
FireEye (NASDAQ:FEYE) opened at 13.81 on Monday. The firm’s market capitalization is $2.34 billion. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $16.11. FireEye has a 52 week low of $11.35 and a 52 week high of $34.50.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.06. FireEye had a negative net margin of 81.76% and a negative return on equity of 46.11%. The business earned $175 million during the quarter, compared to analyst estimates of $181.67 million. During the same quarter in the previous year, the business earned ($0.41) EPS. FireEye’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts forecast that FireEye will post ($1.30) EPS for the current year.
In other news, EVP John T. Mcgee sold 14,988 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total value of $212,829.60. Following the completion of the transaction, the executive vice president now directly owns 155,905 shares in the company, valued at approximately $2,213,851. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total transaction of $34,992.54. Following the completion of the transaction, the president now owns 388,841 shares of the company’s stock, valued at $5,517,653.79. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of FEYE. Brave Asset Management Inc boosted its position in shares of FireEye by 138.9% in the second quarter. Brave Asset Management Inc now owns 8,600 shares of the information security company’s stock valued at $142,000 after buying an additional 5,000 shares during the last quarter. Financial Architects Inc boosted its position in shares of FireEye by 30.0% in the second quarter. Financial Architects Inc now owns 9,030 shares of the information security company’s stock valued at $148,000 after buying an additional 2,083 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of FireEye during the second quarter valued at approximately $163,000. Quantitative Systematic Strategies LLC purchased a new position in shares of FireEye during the second quarter valued at approximately $165,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of FireEye during the second quarter valued at approximately $170,000. Institutional investors own 52.39% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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