FireEye Inc (NASDAQ:FEYE) has been given a consensus rating of “Buy” by the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.27.
FEYE has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 8th. Robert W. Baird initiated coverage on shares of FireEye in a report on Wednesday, October 17th. They issued an “outperform” rating and a $22.00 price target on the stock. ValuEngine raised shares of FireEye from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. BMO Capital Markets increased their target price on shares of FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, October 31st. Finally, Deutsche Bank increased their target price on shares of FireEye from $18.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, October 31st.
In other FireEye news, EVP William T. Robbins sold 1,409 shares of the stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total transaction of $25,376.09. Following the completion of the sale, the executive vice president now owns 324,444 shares of the company’s stock, valued at approximately $5,843,236.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexa King sold 4,828 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $20.00, for a total transaction of $96,560.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,643 shares of company stock valued at $1,862,222 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new stake in FireEye during the 3rd quarter valued at $114,000. Valeo Financial Advisors LLC lifted its position in shares of FireEye by 166.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock worth $119,000 after purchasing an additional 5,000 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of FireEye in the 3rd quarter worth about $122,000. Global X Management Co LLC purchased a new stake in shares of FireEye in the 2nd quarter worth about $131,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of FireEye in the 2nd quarter worth about $160,000. 74.10% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:FEYE traded up $0.36 during trading on Monday, reaching $19.97. The company had a trading volume of 3,123,689 shares, compared to its average volume of 5,117,581. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -18.32 and a beta of 0.28. FireEye has a 12 month low of $13.52 and a 12 month high of $20.61. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.02 and a quick ratio of 2.01.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, October 30th. The information security company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $211.65 million for the quarter, compared to analyst estimates of $208.46 million. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.98%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, equities research analysts expect that FireEye will post -0.71 EPS for the current year.
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.
Featured Article: What does EPS mean?
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.