BidaskClub Upgrades FireEye (NASDAQ:FEYE) to Hold

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BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a sell rating to a hold rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other equities research analysts have also recently weighed in on the stock. Mizuho set a $16.00 target price on shares of FireEye and gave the company a hold rating in a research note on Wednesday, October 9th. William Blair reiterated a buy rating on shares of FireEye in a research note on Wednesday, October 9th. Robert W. Baird set a $23.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, October 9th. SunTrust Banks upgraded shares of FireEye from a hold rating to a buy rating and increased their target price for the company from $19.00 to $22.00 in a research note on Tuesday, January 7th. Finally, Northland Securities reiterated a buy rating and issued a $19.00 target price on shares of FireEye in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. FireEye presently has an average rating of Hold and an average target price of $18.75.

NASDAQ FEYE opened at $17.29 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.52 and a current ratio of 1.53. The firm has a 50-day simple moving average of $16.66 and a 200 day simple moving average of $15.27. FireEye has a twelve month low of $12.66 and a twelve month high of $18.66. The stock has a market cap of $3.67 billion, a PE ratio of -24.01 and a beta of 1.01.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, October 29th. The information security company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. The business had revenue of $225.91 million during the quarter, compared to analysts’ expectations of $220.09 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Research analysts forecast that FireEye will post -0.62 earnings per share for the current fiscal year.

In other news, EVP William T. Robbins sold 60,000 shares of FireEye stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $18.04, for a total value of $1,082,400.00. Following the completion of the transaction, the executive vice president now owns 345,101 shares in the company, valued at $6,225,622.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William T. Robbins sold 6,256 shares of FireEye stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $16.93, for a total transaction of $105,914.08. Following the completion of the transaction, the executive vice president now owns 405,101 shares of the company’s stock, valued at approximately $6,858,359.93. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Allred Capital Management LLC acquired a new stake in shares of FireEye in the fourth quarter valued at approximately $35,000. Whittier Trust Co. increased its holdings in shares of FireEye by 1,533.3% in the third quarter. Whittier Trust Co. now owns 2,450 shares of the information security company’s stock valued at $33,000 after purchasing an additional 2,300 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of FireEye in the third quarter valued at approximately $74,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of FireEye in the second quarter valued at approximately $95,000. Finally, Atria Investments LLC acquired a new stake in shares of FireEye in the second quarter valued at approximately $614,000. Institutional investors own 76.43% 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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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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