Shares of FireEye Inc (NASDAQ:FEYE) saw an uptick in trading volume on Friday . 5,976,442 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 4,188,807 shares.The stock last traded at $17.90 and had previously closed at $18.12.
A number of brokerages have recently commented on FEYE. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. First Analysis raised shares of FireEye from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Friday, March 2nd. Evercore ISI reissued a “buy” rating and issued a $20.00 price target on shares of FireEye in a report on Thursday, March 1st. Stephens reissued a “buy” rating and issued a $23.00 price target on shares of FireEye in a report on Friday, February 9th. Finally, BMO Capital Markets increased their price target on shares of FireEye from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.17.
The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.92 and a current ratio of 1.93. The company has a market cap of $3,310.00, a price-to-earnings ratio of -10.44 and a beta of 0.42.
FireEye (NASDAQ:FEYE) last released its earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. The company had revenue of $202.30 million for the quarter, compared to analyst estimates of $193.74 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. equities analysts forecast that FireEye Inc will post -0.83 EPS for the current year.
In other FireEye news, President Travis M. Reese sold 100,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.50, for a total value of $1,750,000.00. Following the sale, the president now owns 810,829 shares of the company’s stock, valued at approximately $14,189,507.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alexa King sold 108,565 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.31, for a total transaction of $1,770,695.15. Following the completion of the sale, the executive vice president now directly owns 514,800 shares in the company, valued at approximately $8,396,388. The disclosure for this sale can be found here. In the last three months, insiders sold 478,215 shares of company stock worth $7,889,025. Insiders own 2.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FEYE. Dimensional Fund Advisors LP grew its holdings in FireEye by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 216,202 shares of the information security company’s stock worth $3,289,000 after acquiring an additional 682 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after acquiring an additional 1,528 shares during the last quarter. Nationwide Fund Advisors grew its holdings in FireEye by 16.1% in the 3rd quarter. Nationwide Fund Advisors now owns 656,053 shares of the information security company’s stock worth $11,002,000 after acquiring an additional 91,078 shares during the last quarter. Prudential Financial Inc. bought a new stake in FireEye in the 3rd quarter worth $168,000. Finally, Principal Financial Group Inc. grew its holdings in FireEye by 17.8% in the 3rd quarter. Principal Financial Group Inc. now owns 22,477 shares of the information security company’s stock worth $377,000 after acquiring an additional 3,393 shares during the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.
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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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