Analysts Anticipate FireEye Inc (NASDAQ:FEYE) to Post $0.01 EPS

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Analysts predict that FireEye Inc (NASDAQ:FEYE) will report earnings per share of $0.01 for the current quarter, Zacks reports. Ten analysts have made estimates for FireEye’s earnings. The highest EPS estimate is $0.01 and the lowest is $0.00. The business is expected to issue its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that FireEye will report full year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.16. For the next fiscal year, analysts forecast that the firm will post earnings of $0.32 per share, with EPS estimates ranging from $0.25 to $0.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). The business had revenue of $210.54 million during the quarter, compared to analyst estimates of $210.22 million. FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share.

FEYE has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price target on shares of FireEye in a report on Monday, April 29th. JPMorgan Chase & Co. raised FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, March 11th. Wedbush reissued a “neutral” rating and issued a $18.00 price objective on shares of FireEye in a report on Wednesday, May 1st. Zacks Investment Research raised FireEye from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, April 22nd. Finally, Mizuho began coverage on FireEye in a report on Tuesday, March 26th. They issued a “neutral” rating and a $18.00 price objective for the company. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.79.

Shares of FEYE opened at $14.42 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.00 and a quick ratio of 1.99. The company has a market capitalization of $2.93 billion, a P/E ratio of -20.03 and a beta of 0.97. FireEye has a 52-week low of $13.85 and a 52-week high of $20.61.

In other news, EVP Alexa King sold 3,156 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total value of $48,507.72. Following the completion of the sale, the executive vice president now directly owns 505,060 shares of the company’s stock, valued at $7,762,772.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 4,613 shares of company stock valued at $69,539 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB acquired a new stake in shares of FireEye during the first quarter valued at $4,503,000. Cerebellum GP LLC boosted its stake in shares of FireEye by 5.4% during the first quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock valued at $268,000 after acquiring an additional 818 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of FireEye by 190.2% during the first quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock valued at $15,211,000 after acquiring an additional 593,765 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of FireEye by 214.7% during the first quarter. Advisors Asset Management Inc. now owns 7,858 shares of the information security company’s stock valued at $132,000 after acquiring an additional 5,361 shares during the last quarter. Finally, S Squared Technology LLC boosted its stake in shares of FireEye by 10.4% during the first quarter. S Squared Technology LLC now owns 212,251 shares of the information security company’s stock valued at $3,564,000 after acquiring an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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