FireEye Inc (NASDAQ:FEYE) has received an average recommendation of “Hold” from the thirty-one brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.27.
Several analysts have issued reports on the stock. BidaskClub upgraded shares of FireEye from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Piper Jaffray Companies restated a “hold” rating and set a $18.50 price target on shares of FireEye in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Evercore ISI set a $20.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Sunday, October 15th. Finally, Vetr upgraded shares of FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 price target for the company in a research report on Monday, September 18th.
In other news, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the completion of the sale, the director now directly owns 7,099 shares in the company, valued at $96,333.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in FireEye by 20.3% in the second quarter. Public Employees Retirement System of Ohio now owns 62,940 shares of the information security company’s stock worth $957,000 after buying an additional 10,631 shares in the last quarter. FNY Partners Fund LP raised its stake in FireEye by 84.9% in the third quarter. FNY Partners Fund LP now owns 18,490 shares of the information security company’s stock worth $310,000 after buying an additional 8,490 shares in the last quarter. D.A. Davidson & CO. raised its stake in FireEye by 21.1% in the third quarter. D.A. Davidson & CO. now owns 59,772 shares of the information security company’s stock worth $1,002,000 after buying an additional 10,405 shares in the last quarter. Private Advisor Group LLC raised its stake in FireEye by 80.5% in the third quarter. Private Advisor Group LLC now owns 18,856 shares of the information security company’s stock worth $338,000 after buying an additional 8,408 shares in the last quarter. Finally, Boston Advisors LLC raised its stake in FireEye by 9.2% in the third quarter. Boston Advisors LLC now owns 760,345 shares of the information security company’s stock worth $12,751,000 after buying an additional 64,010 shares in the last quarter. 68.33% of the stock is owned by institutional investors.
FireEye (FEYE) opened at $15.14 on Friday. FireEye has a 1 year low of $10.35 and a 1 year high of $18.00. The stock has a market cap of $2,790.00, a price-to-earnings ratio of -9.12 and a beta of 0.52. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98.
FireEye (NASDAQ:FEYE) last announced its 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. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts predict that FireEye will post -1.07 EPS for the current fiscal year.
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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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