FireEye Inc (NASDAQ:FEYE) Expected to Announce Earnings of $0.04 Per Share

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Wall Street analysts predict that FireEye Inc (NASDAQ:FEYE) will report earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for FireEye’s earnings, with estimates ranging from ($0.03) to $0.06. FireEye reported earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that FireEye will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.04. For the next fiscal year, analysts forecast that the business will report earnings of $0.16 per share, with EPS estimates ranging from $0.08 to $0.33. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow FireEye.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, October 29th. The information security company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $225.91 million during the quarter, compared to analyst estimates of $220.09 million. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS.

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $16.00 target price (down from $17.00) on shares of FireEye in a report on Wednesday, July 31st. TheStreet raised shares of FireEye from a “d+” rating to a “c-” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a report on Wednesday, October 9th. SunTrust Banks assumed coverage on shares of FireEye in a report on Wednesday, October 2nd. They issued a “hold” rating and a $15.00 target price for the company. Finally, William Blair reissued a “buy” rating on shares of FireEye in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.42.

FireEye stock opened at $16.54 on Friday. The firm has a 50 day moving average of $16.07 and a 200 day moving average of $14.79. FireEye has a 12-month low of $12.66 and a 12-month high of $20.51. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.53 and a quick ratio of 1.52.

In other FireEye news, EVP William T. Robbins sold 6,256 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $16.93, for a total value of $105,914.08. Following the completion of the transaction, the executive vice president now directly owns 405,101 shares in the company, valued at approximately $6,858,359.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FEYE. Oakworth Capital Inc. bought a new position in FireEye in the 2nd quarter worth approximately $26,000. Whittier Trust Co. boosted its position in shares of FireEye by 1,533.3% during the 3rd quarter. Whittier Trust Co. now owns 2,450 shares of the information security company’s stock valued at $33,000 after acquiring an additional 2,300 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of FireEye during the 3rd quarter valued at approximately $74,000. Enterprise Trust & Investment Co bought a new position in shares of FireEye during the 2nd quarter valued at approximately $89,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of FireEye during the 2nd quarter valued at approximately $95,000. Institutional investors and hedge funds own 76.42% of the company’s stock.

About FireEye

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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