FireEye (NASDAQ:FEYE) Upgraded at BidaskClub

BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a strong sell rating to a sell rating in a report published on Friday morning, BidAskClub reports.

Other research analysts have also issued reports about the stock. Oppenheimer set a $19.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Robert W. Baird reissued a buy rating and set a $23.00 target price on shares of FireEye in a research note on Wednesday, May 29th. Bank of America set a $20.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. set a $20.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Nomura initiated coverage on shares of FireEye in a research note on Tuesday, August 6th. They set a buy rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. FireEye presently has a consensus rating of Hold and a consensus price target of $19.27.

NASDAQ FEYE opened at $14.30 on Friday. FireEye has a one year low of $12.66 and a one year high of $20.61. The company has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $15.14. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 1.56. The firm has a market capitalization of $3.07 billion, a PE ratio of -19.86 and a beta of 0.96.

FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.16. The firm had revenue of $218.00 million during the quarter, compared to analyst estimates of $215.45 million. FireEye had a negative net margin of 28.13% and a negative return on equity of 19.56%. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that FireEye will post -0.71 earnings per share for the current year.

In other FireEye news, CFO Frank Verdecanna sold 10,525 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.29, for a total transaction of $139,877.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William T. Robbins sold 6,316 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.29, for a total transaction of $83,939.64. Following the sale, the executive vice president now owns 411,357 shares in the company, valued at $5,466,934.53. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of FireEye by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock worth $269,407,000 after buying an additional 945,885 shares in the last quarter. ETF Managers Group LLC raised its position in shares of FireEye by 14.6% during the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock worth $56,228,000 after buying an additional 426,289 shares in the last quarter. First Trust Advisors LP raised its position in shares of FireEye by 114.8% during the 1st quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock worth $55,438,000 after buying an additional 1,764,847 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of FireEye by 13.3% during the 1st quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock worth $41,788,000 after buying an additional 292,381 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its position in shares of FireEye by 15.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,385,000 shares of the information security company’s stock worth $40,044,000 after buying an additional 311,983 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

Featured Article: Dead Cat Bounce

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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.