FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating reaffirmed by stock analysts at Cowen and Company in a research note issued to investors on Friday, November 3rd. They presently have a $16.00 price target on the information security company’s stock. Cowen and Company’s target price would indicate a potential upside of 16.36% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus restated a “buy” rating on shares of FireEye in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $23.00 target price on shares of FireEye in a research report on Wednesday, August 2nd. BMO Capital Markets increased their target price on FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 2nd. Evercore ISI set a $20.00 target price on FireEye and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Morgan Stanley upgraded FireEye from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $13.00 to $19.00 in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.22.
Shares of FireEye (NASDAQ:FEYE) traded down $0.46 during midday trading on Friday, hitting $13.75. The stock had a trading volume of 5,275,200 shares, compared to its average volume of 5,573,602. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the consensus estimate 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 business had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. FireEye’s revenue for the quarter was up 1.7% on a year-over-year basis. analysts forecast that FireEye will post -1.06 EPS for the current fiscal year.
In other FireEye news, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.50, for a total transaction of $202,212.50. Following the transaction, the president now directly owns 508,210 shares of the company’s stock, valued at approximately $8,893,675. The disclosure for this sale can be found here. Insiders sold 125,000 shares of company stock valued at $2,200,000 over the last 90 days. 2.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FEYE. ETF Managers Group LLC bought a new position in shares of FireEye during the second quarter valued at approximately $43,372,000. Balyasny Asset Management LLC increased 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 valued at $44,144,000 after acquiring an additional 1,975,924 shares in the last quarter. Pinnacle Associates Ltd. increased 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 valued at $52,385,000 after acquiring an additional 1,548,425 shares in the last quarter. Vanguard Group Inc. increased 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 valued at $191,317,000 after acquiring an additional 917,967 shares in the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of FireEye during the second quarter valued at approximately $10,591,000. 67.12% of the stock is owned by institutional investors and hedge funds.
FireEye Company Profile
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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