Analysts Anticipate FireEye, Inc. (FEYE) Will Post Earnings of -$0.07 Per Share

Brokerages expect FireEye, Inc. (NASDAQ:FEYE) to post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for FireEye’s earnings, with estimates ranging from ($0.08) to ($0.06). FireEye reported earnings of ($0.18) per share during the same quarter last year, which indicates a positive year over year growth rate of 61.1%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, November 1st.

On average, analysts expect that FireEye will report full year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.18). For the next year, analysts forecast that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.12) to $0.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.33) EPS.

Several research firms recently issued reports on FEYE. Vetr raised FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 target price on the stock in a research note on Tuesday, July 4th. Stifel Nicolaus reissued a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $23.00 target price on shares of FireEye in a research note on Wednesday, August 2nd. BMO Capital Markets raised their target price on FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 2nd. Finally, Evercore ISI set a $20.00 target price on FireEye and gave the stock a “buy” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.95.

In related news, President Travis M. Reese sold 88,445 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,884 shares of company stock valued at $3,210,523. 2.40% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Exencial Wealth Advisors LLC grew its position in FireEye by 0.7% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock worth $233,000 after purchasing an additional 100 shares during the period. Cutter & CO Brokerage Inc. grew its position in FireEye by 1.4% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock worth $219,000 after purchasing an additional 200 shares during the period. Sigma Planning Corp grew its position in FireEye by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after purchasing an additional 266 shares during the period. Verition Fund Management LLC grew its position in FireEye by 3.8% in the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after purchasing an additional 469 shares during the period. Finally, Teacher Retirement System of Texas grew its position in FireEye by 5.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock worth $197,000 after purchasing an additional 670 shares during the period. 67.59% of the stock is owned by institutional investors and hedge funds.

Shares of FireEye (NASDAQ:FEYE) traded down 0.166% on Friday, hitting $17.481. The stock had a trading volume of 1,743,513 shares. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The firm’s market capitalization is $3.18 billion. The firm has a 50 day moving average of $16.26 and a 200-day moving average of $14.85.

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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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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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