Brokerages predict that FireEye Inc (NASDAQ:FEYE) will post $208.32 million in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for FireEye’s earnings. The lowest sales estimate is $207.97 million and the highest is $209.40 million. FireEye posted sales of $189.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The company is expected to issue its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that FireEye will report full-year sales of $826.48 million for the current financial year, with estimates ranging from $825.00 million to $828.50 million. For the next financial year, analysts expect that the business will report sales of $884.53 million per share, with estimates ranging from $867.00 million to $892.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover FireEye.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. The firm had revenue of $203.00 million during the quarter, compared to analysts’ expectations of $201.54 million. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share.

FEYE has been the subject of several recent research reports. ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Piper Jaffray Companies raised FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research note on Monday, July 9th. Evercore ISI reaffirmed a “buy” rating and issued a $22.00 price objective on shares of FireEye in a research note on Thursday, August 23rd. BidaskClub downgraded FireEye from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. FireEye presently has an average rating of “Hold” and an average target price of $19.56.

FEYE stock opened at $16.62 on Friday. The stock has a market capitalization of $3.28 billion, a PE ratio of -15.25 and a beta of 0.39. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.03 and a quick ratio of 2.02. FireEye has a 12 month low of $13.40 and a 12 month high of $19.36.

In other FireEye news, President Travis M. Reese sold 3,201 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $46,286.46. Following the completion of the sale, the president now owns 715,060 shares of the company’s stock, valued at approximately $10,339,767.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Frank Verdecanna sold 11,219 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $162,226.74. The disclosure for this sale can be found here. Insiders have sold a total of 20,820 shares of company stock valued at $301,057 in the last three months. Insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FEYE. Point72 Asia Hong Kong Ltd grew its position in shares of FireEye by 946.5% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after buying an additional 6,635 shares during the period. Asset Management One Co. Ltd. grew its position in shares of FireEye by 56.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after buying an additional 2,830 shares during the period. Valeo Financial Advisors LLC grew 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 worth $119,000 after buying an additional 5,000 shares during the period. Global X Management Co LLC acquired a new stake in shares of FireEye during the 2nd quarter worth approximately $131,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of FireEye during the 2nd quarter worth approximately $160,000. 69.92% of the stock is owned by institutional investors and hedge funds.

About FireEye

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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