FireEye (NASDAQ:FEYE) had its price target increased by Piper Jaffray Companies to $22.00 in a report published on Wednesday, The Fly reports. Piper Jaffray Companies currently has an overweight rating on the information security company’s stock. Piper Jaffray Companies also issued estimates for FireEye’s Q1 2020 earnings at ($0.15) EPS, Q2 2020 earnings at ($0.13) EPS and Q3 2020 earnings at ($0.09) EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded FireEye from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Wednesday, August 8th. Evercore ISI restated a buy rating and issued a $22.00 price target on shares of FireEye in a research note on Thursday, August 23rd. Goldman Sachs Group set a $22.00 price target on shares of FireEye and gave the company a buy rating in a research note on Thursday, October 4th. BidaskClub upgraded shares of FireEye from a hold rating to a buy rating in a research note on Friday, October 12th. Finally, ValuEngine raised shares of FireEye from a sell rating to a hold rating in a research note on Wednesday, July 11th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. FireEye has an average rating of Buy and an average price target of $19.75.
FEYE stock traded down $0.74 on Wednesday, reaching $18.67. The company’s stock had a trading volume of 7,135,630 shares, compared to its average volume of 6,616,788. FireEye has a 12-month low of $13.40 and a 12-month high of $19.56. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -17.13 and a beta of 0.27. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, October 30th. The information security company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. FireEye had a negative return on equity of 22.77% and a negative net margin of 33.32%. The company had revenue of $211.65 million during the quarter, compared to the consensus estimate of $208.46 million. During the same period last year, the company earned ($0.04) EPS. FireEye’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that FireEye will post -0.79 earnings per share for the current year.
In related news, CFO Frank Verdecanna sold 11,219 shares of FireEye stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $162,226.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William T. Robbins sold 50,000 shares of FireEye stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $19.05, for a total transaction of $952,500.00. Following the completion of the sale, the executive vice president now directly owns 274,444 shares of the company’s stock, valued at approximately $5,228,158.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,820 shares of company stock valued at $1,883,571. 2.40% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in FEYE. OppenheimerFunds Inc. lifted its stake in shares of FireEye by 100.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after purchasing an additional 3,000,051 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of FireEye by 1,276.3% in the 1st quarter. Legal & General Group Plc now owns 1,177,816 shares of the information security company’s stock valued at $19,940,000 after purchasing an additional 1,092,239 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of FireEye by 41.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock valued at $54,605,000 after purchasing an additional 939,932 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of FireEye in the 2nd quarter valued at $13,735,000. Finally, Millennium Management LLC lifted its stake in shares of FireEye by 125.8% in the 2nd quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock valued at $23,230,000 after purchasing an additional 841,080 shares during the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.
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.
See Also: Intrinsic Value and Stock Selection
Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.