Morgan Stanley upgraded shares of FireEye, Inc. (NASDAQ:FEYE) from an equal weight rating to an overweight rating in a report issued on Thursday, Marketbeat.com reports. Morgan Stanley currently has $19.00 price target on the information security company’s stock, up from their previous price target of $13.00.
FEYE has been the topic of a number of other reports. BidaskClub upgraded shares of FireEye from a strong sell rating to a sell rating in a research note on Friday, August 25th. UBS AG set a $16.00 price target on shares of FireEye and gave the stock a hold rating in a research note on Friday, July 7th. Vetr upgraded shares of FireEye from a buy rating to a strong-buy rating and set a $17.10 price target on the stock in a research note on Wednesday, May 24th. Deutsche Bank AG boosted their price target on shares of FireEye from $13.00 to $15.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC reiterated an equal weight rating and set a $16.00 price target (up from $14.00) on shares of FireEye in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $16.15.
FireEye (NASDAQ FEYE) opened at 16.01 on Thursday. The stock’s market cap is $2.92 billion. FireEye has a 1-year low of $10.35 and a 1-year high of $16.40. The company has a 50-day moving average of $14.70 and a 200 day moving average of $13.85.
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, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) earnings per share. Analysts predict that FireEye will post ($0.21) EPS for the current year.
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In other news, EVP Alexa King sold 69,884 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the sale, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in FEYE. Teachers Advisors LLC raised its stake in shares of FireEye by 20.1% during the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after purchasing an additional 32,147 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of FireEye during the fourth quarter worth approximately $231,000. Bank of Montreal Can raised its stake in shares of FireEye by 37.4% during the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after purchasing an additional 2,147 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of FireEye by 54.8% during the first quarter. Russell Investments Group Ltd. now owns 645,139 shares of the information security company’s stock worth $8,134,000 after purchasing an additional 228,362 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of FireEye by 108.4% during the first quarter. Canada Pension Plan Investment Board now owns 52,100 shares of the information security company’s stock worth $657,000 after purchasing an additional 27,100 shares during the last quarter. Institutional investors and hedge funds own 67.65% 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).
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