Zacks: Brokerages Expect FireEye Inc (FEYE) to Announce -$0.04 Earnings Per Share

Brokerages expect FireEye Inc (NASDAQ:FEYE) to report ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for FireEye’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.03). FireEye reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 55.6%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that FireEye will report full-year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.04. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.17 per share, with EPS estimates ranging from $0.10 to $0.31. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover FireEye.

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FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, topping the Zacks’ 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 business had revenue of $202.30 million during the quarter, compared to analysts’ expectations of $193.74 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year.

A number of research firms have commented on FEYE. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Barclays boosted their price objective on shares of FireEye from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. First Analysis upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Friday, March 2nd. Evercore ISI restated a “buy” rating and issued a $20.00 price objective on shares of FireEye in a report on Thursday, March 1st. Finally, Susquehanna Bancshares upgraded shares of FireEye from a “neutral” rating to a “positive” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.38.

In related news, President Travis M. Reese sold 74,962 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $16.20, for a total transaction of $1,214,384.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Travis M. Reese sold 100,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the sale, the president now owns 810,829 shares of the company’s stock, valued at $14,189,507.50. The disclosure for this sale can be found here. Insiders have sold a total of 478,215 shares of company stock valued at $7,889,025 over the last quarter. 2.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised 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 purchasing an additional 1,528 shares in the last quarter. Amalgamated Bank raised its holdings in FireEye by 10.0% in the 4th quarter. Amalgamated Bank now owns 34,853 shares of the information security company’s stock worth $495,000 after purchasing an additional 3,179 shares in the last quarter. Resources Investment Advisors Inc. raised its holdings in FireEye by 96.9% in the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after purchasing an additional 3,607 shares in the last quarter. OLD National Bancorp IN raised its holdings in FireEye by 16.9% in the 4th quarter. OLD National Bancorp IN now owns 25,634 shares of the information security company’s stock worth $364,000 after purchasing an additional 3,706 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in FireEye by 8.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,382 shares of the information security company’s stock worth $701,000 after purchasing an additional 3,760 shares in the last quarter. Institutional investors own 65.35% of the company’s stock.

FEYE stock opened at $18.97 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.92. FireEye has a one year low of $12.04 and a one year high of $19.36. The company has a market capitalization of $3,584.39, a price-to-earnings ratio of -17.40 and a beta of 0.38.

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About FireEye

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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