FireEye, Inc. (NASDAQ:FEYE) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday, July 12th. They currently have a $17.31 price target on the information security company’s stock. Vetr‘s target price would indicate a potential upside of 20.29% from the company’s current price.
Several other equities analysts have also issued reports on FEYE. Bank of America Corporation raised FireEye from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.50 to $18.00 in a research note on Monday, March 20th. Goldman Sachs Group, Inc. (The) raised FireEye from a “sell” rating to a “buy” rating and upped their target price for the stock from $10.00 to $15.00 in a research report on Thursday, March 23rd. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Evercore ISI reaffirmed a “buy” rating and set a $16.00 target price (up from $14.00) on shares of FireEye in a research report on Wednesday, May 3rd. Finally, BMO Capital Markets upped their target price on FireEye from $11.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.97.
Shares of FireEye (FEYE) traded down 1.703% on Wednesday, reaching $14.145. 4,132,831 shares of the company’s stock traded hands. The company’s 50-day moving average is $15.39 and its 200-day moving average is $13.46. FireEye has a 52 week low of $10.35 and a 52 week high of $17.70. The firm’s market capitalization is $2.50 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that FireEye will post ($0.22) earnings per share for the current fiscal year.
In related news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FEYE. State Street Corp raised its stake in shares of FireEye by 2.0% in the fourth quarter. State Street Corp now owns 1,941,497 shares of the information security company’s stock worth $23,103,000 after buying an additional 38,655 shares in the last quarter. Norges Bank acquired a new stake in shares of FireEye during the fourth quarter worth $16,275,000. Teachers Advisors LLC raised its stake in shares of FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after buying an additional 32,147 shares in the last quarter. Searle & CO. acquired a new stake in shares of FireEye during the fourth quarter worth $129,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of FireEye during the fourth quarter worth $231,000. Institutional investors and hedge funds own 67.16% of the company’s stock.
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).
To view Vetr’s full report, visit Vetr’s official website.
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