Equities research analysts expect that FireEye Inc (NASDAQ:FEYE) will post sales of $194.11 million for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for FireEye’s earnings, with the highest sales estimate coming in at $195.50 million and the lowest estimate coming in at $188.50 million. FireEye posted sales of $173.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that FireEye will report full-year sales of $194.11 million for the current financial year, with estimates ranging from $800.80 million to $824.40 million. For the next financial year, analysts forecast that the business will post sales of $883.88 million per share, with estimates ranging from $870.49 million to $904.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow FireEye.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. FireEye had a negative return on equity of 24.93% and a negative net margin of 40.43%. The firm had revenue of $202.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same quarter last year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.
Several research firms have issued reports on FEYE. BidaskClub raised FireEye from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets lifted their price target on FireEye from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Evercore ISI set a $20.00 price target on FireEye and gave the company a “buy” rating in a research note on Friday, February 9th. Wedbush reissued a “positive” rating and issued a $14.12 price target (down previously from $16.00) on shares of FireEye in a research note on Friday, February 9th. Finally, Susquehanna Bancshares raised FireEye from a “neutral” rating to a “positive” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. FireEye has a consensus rating of “Buy” and a consensus target price of $18.26.
In related news, President Travis M. Reese sold 100,000 shares of FireEye stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the completion of the transaction, the president now owns 810,829 shares in the company, valued at $14,189,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexa King sold 108,565 shares of FireEye stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.31, for a total value of $1,770,695.15. Following the transaction, the executive vice president now owns 514,800 shares of the company’s stock, valued at approximately $8,396,388. The disclosure for this sale can be found here. Insiders have sold 478,215 shares of company stock valued at $7,889,025 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI grew its holdings in FireEye by 39.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 151,900 shares of the information security company’s stock worth $2,157,000 after purchasing an additional 42,786 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in FireEye by 51.3% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 53,475 shares of the information security company’s stock worth $759,000 after purchasing an additional 18,140 shares during the period. Private Advisor Group LLC grew its holdings in FireEye by 80.5% during the third quarter. Private Advisor Group LLC now owns 18,856 shares of the information security company’s stock worth $338,000 after purchasing an additional 8,408 shares during the period. OLD National Bancorp IN boosted its holdings in shares of FireEye by 16.9% during the fourth quarter. OLD National Bancorp IN now owns 25,634 shares of the information security company’s stock worth $364,000 after acquiring an additional 3,706 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of FireEye by 10.0% during the fourth quarter. Amalgamated Bank now owns 34,853 shares of the information security company’s stock worth $495,000 after acquiring an additional 3,179 shares during the period. Institutional investors and hedge funds own 65.36% of the company’s stock.
Shares of FEYE traded down $0.35 during midday trading on Monday, hitting $17.33. The stock had a trading volume of 2,582,660 shares, compared to its average volume of 3,502,009. FireEye has a twelve month low of $11.82 and a twelve month high of $18.84. The company has a market capitalization of $3,387.06, a price-to-earnings ratio of -15.90 and a beta of 0.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.92.
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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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