FireEye (NASDAQ: FEYE) has recently received a number of price target changes and ratings updates:

  • 2/16/2017 – FireEye had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $11.00 price target on the stock.
  • 2/8/2017 – FireEye was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “The cybersecurity firm, FireEye’s last quarter’s bottom-line results fared better than the Zacks Consensus Estimate as well as marked a strong year over year improvement. However, revenues witnessed a marginal year-over-year decline for the first time ever and also fell short of the Zacks Consensus Estimate. The company determined several internal and external factors which impacted its overall top-line performance. Despite this, we are optimistic about FireEye as we consider that the internal and external challenges to get fixed in the first quarter. Furthermore, a healthy security market, strong product line-up, deal wins and investment plans should boost results in the long run. Additionally, although a shift from product-based to subscription-based business model will have a negative impact on FireEye’s near-term results, we believe that it will lead to more stable revenues in the long-run.”
  • 2/6/2017 – FireEye had its price target lowered by analysts at Wedbush from $14.00 to $11.00. They now have a “neutral” rating on the stock.
  • 2/6/2017 – FireEye had its price target lowered by analysts at Imperial Capital from $15.00 to $12.00. They now have an “in-line” rating on the stock.
  • 2/6/2017 – FireEye had its “hold” rating reaffirmed by analysts at Wunderlich. They now have a $12.00 price target on the stock, down previously from $16.00.
  • 2/3/2017 – FireEye had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $17.00 price target on the stock.
  • 2/3/2017 – FireEye was given a new $10.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 2/3/2017 – FireEye was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $12.00 price target on the stock.
  • 2/3/2017 – FireEye was upgraded by analysts at First Analysis from an “underweight” rating to an “equal weight” rating. They now have a $11.00 price target on the stock.
  • 2/3/2017 – FireEye was downgraded by analysts at FBN Securities from an “outperform” rating to a “sector perform” rating. They now have a $11.00 price target on the stock.
  • 2/1/2017 – FireEye had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $18.00 price target on the stock.
  • 1/31/2017 – FireEye had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $28.00 price target on the stock.
  • 1/17/2017 – FireEye was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FireEye is a specialized provider of a security platform against cyber-attacks to enterprises and governments. A look at FireEye’s one year performance shows that the company has underperformed the broader market. Over the past several quarters, the company has been losing business to its rivals. Furthermore, negative operating cash flow remains a major headwind for FireEye, which may hinder the execution of its growth plans. Intensifying competition and an uncertain macroeconomic environment add to its woes. However, the company appears optimistic due to a healthy security market, strong product lineup, deal wins and investment plans, which should boost results in the long run. Furthermore, FireEye’s strategy of growing through acquisitions is encouraging.”
  • 1/13/2017 – FireEye is now covered by analysts at Northland Securities. They set an “outperform” rating and a $17.00 price target on the stock.
  • 1/13/2017 – FireEye is now covered by analysts at Standpoint Research. They set a “buy” rating and a $18.00 price target on the stock.
  • 1/9/2017 – FireEye was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FireEye is a specialized provider of a security platform against cyber-attacks to enterprises and governments.  We are optimistic about FireEye given a healthy security market, strong product line-up, deal wins and investment plans, which should boost results in the long run. Furthermore, FireEye’s strategy of growing through acquisitions is encouraging. The latest buyouts were that of iSIGHT Partners and Invotas. The deals have beefed up FireEye’s cyber security suite and enhanced its competitive dynamics. Nonetheless, near-term prospects for the company are not promising as changing customer spending behavior has recently hit several other players in this space. Intensifying competition and an uncertain macroeconomic environment add to its woes. Notably, the company has underperformed the broader market over the past one year.”
  • 1/4/2017 – FireEye is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $13.00 price target on the stock.
  • 12/21/2016 – FireEye had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $20.00 price target on the stock, down previously from $22.00.

FireEye, Inc. (NASDAQ:FEYE) opened at 11.35 on Friday. The firm has a 50-day moving average price of $12.39 and a 200 day moving average price of $13.44. The stock’s market cap is $1.90 billion. FireEye, Inc. has a 52-week low of $10.60 and a 52-week high of $19.63.

FireEye (NASDAQ:FEYE) last issued its earnings results on Thursday, February 2nd. The information security company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.13. The company earned $184.70 million during the quarter, compared to analyst estimates of $190.96 million. FireEye had a negative return on equity of 37.85% and a negative net margin of 67.23%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.36) EPS. Equities analysts anticipate that FireEye, Inc. will post ($0.48) earnings per share for the current year.

In other news, insider David G. Dewalt sold 151,644 shares of FireEye stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $11.64, for a total value of $1,765,136.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin R. Mandia sold 112,581 shares of FireEye stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $12.29, for a total value of $1,383,620.49. Following the completion of the transaction, the chief executive officer now owns 2,604,446 shares of the company’s stock, valued at approximately $32,008,641.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 319,011 shares of company stock valued at $3,786,466. Insiders own 9.60% of the company’s stock.

FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.

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