FireEye Inc. (NASDAQ:FEYE)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs Group Inc. in a research note issued on Friday.
Several other analysts also recently issued reports on the company. Wells Fargo & Co. restated a “market perform” rating on shares of FireEye in a report on Monday. Deutsche Bank AG began coverage on FireEye in a report on Monday. They set a “hold” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, September 20th. Wunderlich began coverage on FireEye in a report on Tuesday, September 13th. They set a “hold” rating and a $16.00 price objective on the stock. Finally, Nomura restated a “buy” rating and set a $22.50 price objective on shares of FireEye in a report on Thursday, September 8th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. FireEye presently has a consensus rating of “Hold” and an average target price of $24.84.
FireEye (NASDAQ:FEYE) traded up 1.66% on Friday, reaching $14.73. 2,681,482 shares of the company traded hands. The stock’s market capitalization is $2.50 billion. The firm has a 50 day moving average price of $14.64 and a 200 day moving average price of $15.95. FireEye has a 52-week low of $11.35 and a 52-week high of $32.42.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. The firm had revenue of $175 million for the quarter, compared to the consensus estimate of $181.67 million. FireEye had a negative return on equity of 46.11% and a negative net margin of 81.76%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.41) EPS. Equities research analysts predict that FireEye will post ($1.30) EPS for the current year.
In other news, EVP John T. Mcgee sold 14,988 shares of the stock in a transaction 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 sale, the executive vice president now owns 155,905 shares in the company, valued at $2,213,851. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Travis M. Reese sold 2,466 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total value of $34,992.54. Following the sale, the president now owns 388,841 shares in the company, valued at approximately $5,517,653.79. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Brave Asset Management Inc boosted its stake 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 stake 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 acquired a new stake in shares of FireEye during the second quarter valued at approximately $163,000. Fairfield Bush & CO. acquired a new stake in shares of FireEye during the first quarter valued at approximately $180,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of FireEye during the second quarter valued at approximately $165,000. 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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