FireEye (NASDAQ:FEYE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
FEYE has been the subject of a number of other research reports. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Barclays lifted their price objective on FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. First Analysis raised FireEye from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Friday, March 2nd. JPMorgan Chase & Co. lifted their price objective on FireEye to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 3rd. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $20.00 price objective on shares of FireEye in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given 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 target price of $19.16.
NASDAQ FEYE opened at $16.67 on Thursday. FireEye has a fifty-two week low of $13.40 and a fifty-two week high of $19.36. The firm has a market capitalization of $3.21 billion, a PE ratio of -15.29 and a beta of 0.37. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 1.27.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The company had revenue of $199.07 million during the quarter, compared to analysts’ expectations of $193.91 million. FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. research analysts predict that FireEye will post -0.81 earnings per share for the current fiscal year.
In other news, EVP Alexa King sold 3,190 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total value of $55,346.50. Following the completion of the sale, the executive vice president now owns 450,725 shares of the company’s stock, valued at $7,820,078.75. The sale 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 dated Monday, March 5th. The stock was sold at an average price of $17.50, for a total value of $1,750,000.00. Following the completion of the sale, the president now directly owns 810,829 shares of the company’s stock, valued at approximately $14,189,507.50. The disclosure for this sale can be found here. Insiders sold 104,123 shares of company stock valued at $1,821,534 in the last ninety days. Company insiders own 2.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Resources Investment Advisors Inc. lifted its stake in shares of FireEye by 96.9% in the fourth quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after acquiring an additional 3,607 shares in the last quarter. Point72 Asia Hong Kong Ltd lifted its stake in shares of FireEye by 946.5% in the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after acquiring an additional 6,635 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of FireEye by 56.9% in the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after acquiring an additional 2,830 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of FireEye in the fourth quarter worth about $146,000. Finally, Natixis Advisors L.P. acquired a new position in shares of FireEye in the first quarter worth about $201,000. Institutional investors and hedge funds own 64.34% of the company’s stock.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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