FireEye Inc (NASDAQ:FEYE) – Investment analysts at William Blair issued their FY2018 earnings per share (EPS) estimates for FireEye in a note issued to investors on Wednesday, October 31st. William Blair analyst J. Ho forecasts that the information security company will earn ($0.71) per share for the year. William Blair also issued estimates for FireEye’s Q4 2018 earnings at ($0.13) EPS.
A number of other research firms have also commented on FEYE. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, August 8th. Piper Jaffray Companies upgraded FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research report on Monday, July 9th. Robert W. Baird started coverage on FireEye in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $22.00 price target on the stock. ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, BMO Capital Markets upped their price target on FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.00.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Tuesday, October 30th. The information security company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. FireEye had a negative return on equity of 22.77% and a negative net margin of 33.32%. The firm had revenue of $211.65 million for the quarter, compared to analyst estimates of $208.46 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s revenue was up 7.2% on a year-over-year basis.
In related news, President Travis M. Reese sold 3,201 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $46,286.46. Following the sale, the president now owns 715,060 shares in the company, valued at approximately $10,339,767.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William T. Robbins sold 6,400 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $92,544.00. Following the sale, the executive vice president now owns 359,444 shares in the company, valued at approximately $5,197,560.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,820 shares of company stock worth $1,883,571. 2.40% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Usca Ria LLC raised its stake in FireEye by 19.1% during the 3rd quarter. Usca Ria LLC now owns 96,150 shares of the information security company’s stock worth $1,635,000 after buying an additional 15,400 shares during the period. Stratos Wealth Partners LTD. acquired a new position in FireEye during the 3rd quarter worth approximately $114,000. Private Advisor Group LLC acquired a new position in FireEye during the 3rd quarter worth approximately $455,000. Signition LP acquired a new position in FireEye during the 3rd quarter worth approximately $1,583,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in FireEye during the 3rd quarter worth approximately $399,000. Institutional investors own 69.99% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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