FireEye, Inc. (FEYE) Expected to Post Quarterly Sales of $193.61 Million

Equities research analysts forecast that FireEye, Inc. (NASDAQ:FEYE) will report sales of $193.61 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for FireEye’s earnings, with the lowest sales estimate coming in at $192.53 million and the highest estimate coming in at $195.00 million. FireEye reported sales of $184.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that FireEye will report full-year sales of $193.61 million for the current fiscal year, with estimates ranging from $740.00 million to $744.00 million. For the next financial year, analysts anticipate that the company will report sales of $803.16 million per share, with estimates ranging from $783.00 million to $834.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The firm had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. During the same period in the previous year, the business earned ($0.18) earnings per share. FireEye’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several research firms have issued reports on FEYE. BMO Capital Markets restated a “market perform” rating and set a $17.00 price objective (up previously from $15.00) on shares of FireEye in a report on Tuesday, August 8th. BTIG Research restated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of FireEye in a report on Tuesday, August 8th. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $18.50 price objective on shares of FireEye in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.22.

In other FireEye news, President Travis M. Reese sold 11,555 shares of the company’s stock in a transaction that occurred 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 owns 508,210 shares of the company’s stock, valued at $8,893,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 131,767 shares of company stock valued at $2,291,828. 2.40% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after buying an additional 1,528 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of FireEye during the third quarter worth approximately $129,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of FireEye by 15.9% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after buying an additional 1,252 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of FireEye during the second quarter worth approximately $142,000. Finally, FNY Partners Fund LP lifted its holdings in shares of FireEye by 900.0% during the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after buying an additional 9,000 shares during the last quarter. 68.39% of the stock is owned by hedge funds and other institutional investors.

FireEye (NASDAQ FEYE) traded down $0.04 during midday trading on Monday, reaching $14.10. The company’s stock had a trading volume of 3,307,500 shares, compared to its average volume of 5,436,599. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00.

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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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