Deutsche Bank AG initiated coverage on shares of FireEye Inc. (NASDAQ:FEYE) in a report published on Monday morning. The firm issued a hold rating and a $15.00 price objective on the information security company’s stock.
FEYE has been the topic of several other reports. Wunderlich began coverage on shares of FireEye in a research report on Tuesday, September 13th. They set a hold rating and a $16.00 target price on the stock. Citigroup Inc. downgraded FireEye from a buy rating to a neutral rating and cut their price target for the stock from $22.00 to $18.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. downgraded FireEye from an overweight rating to a neutral rating and cut their price target for the stock from $20.00 to $15.00 in a research note on Friday, August 5th. Nomura reaffirmed a buy rating and set a $22.50 price target on shares of FireEye in a research note on Thursday, September 8th. Finally, Wells Fargo & Co. reaffirmed a market perform rating and set a $15.00 price target (down previously from $16.50) on shares of FireEye in a research note on Friday, August 5th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. FireEye currently has an average rating of Hold and an average price target of $24.84.
FireEye (NASDAQ:FEYE) traded up 1.899% during midday trading on Monday, hitting $14.755. 747,180 shares of the stock traded hands. FireEye has a 12-month low of $11.35 and a 12-month high of $33.15. The firm’s market cap is $2.50 billion. The company’s 50-day moving average is $14.59 and its 200 day moving average is $16.01.
FireEye (NASDAQ:FEYE) last issued its earnings results on Thursday, August 4th. The information security company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.06. The company had revenue of $175 million for the quarter, compared to analyst estimates of $181.67 million. FireEye had a negative net margin of 81.76% and a negative return on equity of 46.11%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.41) EPS. On average, analysts anticipate that FireEye will post ($1.30) EPS for the current fiscal year.
In other news, EVP John T. Mcgee sold 14,988 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $14.20, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Travis M. Reese sold 2,466 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total value of $34,992.54. Following 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. Insiders own 9.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FEYE. Granite Investment Partners LLC acquired a new position in FireEye during the first quarter valued at approximately $948,000. Pacad Investment Ltd. purchased a new stake in FireEye during the first quarter valued at about $969,000. EagleClaw Capital Managment LLC raised its stake in FireEye by 23.0% in the first quarter. EagleClaw Capital Managment LLC now owns 21,125 shares of the information security company’s stock valued at $378,000 after buying an additional 3,950 shares in the last quarter. Prudential Financial Inc. purchased a new stake in FireEye during the first quarter valued at about $357,000. Finally, Vision Capital Management Inc. raised its stake in FireEye by 3.4% in the first quarter. Vision Capital Management Inc. now owns 238,851 shares of the information security company’s stock valued at $4,297,000 after buying an additional 7,880 shares in the last quarter. 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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