FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a research report issued on Friday, October 27th.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the stock a “buy” rating in a report on Tuesday, August 1st. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price objective for the company. in a report on Wednesday, July 12th. BTIG Research reissued a “buy” rating and set a $18.00 price target (up from $17.00) on shares of FireEye in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.26.
FireEye (FEYE) traded down $0.04 during trading hours on Friday, reaching $14.21. 2,460,400 shares of the company were exchanged, compared to its average volume of 5,574,971. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. research analysts forecast that FireEye will post -1.06 EPS for the current year.
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In other news, EVP Alexa King sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Travis M. Reese sold 11,555 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.50, for a total transaction of $202,212.50. Following the completion of the sale, the president now directly owns 508,210 shares in the company, valued at approximately $8,893,675. The disclosure for this sale can be found here. In the last three months, insiders sold 125,000 shares of company stock worth $2,200,000. 2.40% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in FireEye by 16.7% during the first quarter. UBS Asset Management Americas Inc. now owns 96,746 shares of the information security company’s stock worth $1,220,000 after acquiring an additional 13,814 shares in the last quarter. Ameriprise Financial Inc. raised its position in FireEye by 653.7% during the first quarter. Ameriprise Financial Inc. now owns 157,624 shares of the information security company’s stock worth $1,988,000 after acquiring an additional 136,710 shares in the last quarter. PNC Financial Services Group Inc. raised its position in FireEye by 251.1% during the first quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the information security company’s stock worth $173,000 after acquiring an additional 9,791 shares in the last quarter. Legal & General Group Plc raised its position in FireEye by 195.4% during the first quarter. Legal & General Group Plc now owns 50,030 shares of the information security company’s stock worth $631,000 after acquiring an additional 33,096 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in FireEye by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock worth $147,038,000 after acquiring an additional 257,120 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.
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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