FireEye Inc (NASDAQ:FEYE) – Investment analysts at Gabelli issued their FY2018 earnings estimates for FireEye in a research report issued on Wednesday, October 31st. Gabelli analyst H. Susanto expects that the information security company will post earnings per share of ($0.71) for the year.
Several other research firms also recently commented on FEYE. ValuEngine downgraded shares of FireEye from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. BidaskClub raised shares of FireEye from a “sell” rating to a “hold” rating in a report on Saturday, September 15th. Piper Jaffray Companies raised shares of FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a report on Monday, July 9th. Evercore ISI reissued a “buy” rating and set a $22.00 price objective on shares of FireEye in a report on Thursday, August 23rd. Finally, Robert W. Baird initiated coverage on shares of FireEye in a report on Wednesday, October 17th. They set an “outperform” rating and a $22.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.00.
Shares of FireEye stock opened at $18.67 on Monday. The firm has a market capitalization of $3.64 billion, a P/E 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 has a fifty-two week low of $13.40 and a fifty-two week high of $19.56.
FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $211.65 million during the quarter, compared to the consensus estimate of $208.46 million. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.77%. FireEye’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS.
In other news, EVP William T. Robbins sold 6,400 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the sale, the executive vice president now directly owns 359,444 shares in the company, valued at approximately $5,197,560.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Travis M. Reese sold 3,201 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $46,286.46. Following the sale, the president now owns 715,060 shares in the company, valued at $10,339,767.60. The disclosure for this sale can be found here. Insiders have sold a total of 105,820 shares of company stock valued at $1,883,571 in the last three months. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FEYE. Stratos Wealth Partners LTD. purchased a new stake in shares of FireEye during the 3rd quarter valued at about $114,000. Valeo Financial Advisors LLC raised its position in shares of FireEye by 166.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock valued at $119,000 after buying an additional 5,000 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of FireEye during the 3rd quarter valued at about $122,000. Global X Management Co LLC purchased a new stake in shares of FireEye during the 2nd quarter valued at about $131,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of FireEye during the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.
FireEye Company Profile
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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