BidaskClub downgraded shares of FireEye (NASDAQ:FEYE) from a hold rating to a sell rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered FireEye from a hold rating to a sell rating in a report on Tuesday, April 9th. Mizuho assumed coverage on FireEye in a report on Tuesday, March 26th. They issued a neutral rating and a $18.00 target price on the stock. JPMorgan Chase & Co. raised FireEye from a neutral rating to an overweight rating and set a $20.00 target price on the stock in a report on Monday, March 11th. Wedbush lowered their target price on FireEye from $19.00 to $18.00 and set a neutral rating on the stock in a report on Friday, February 8th. Finally, BTIG Research lowered FireEye from a buy rating to a neutral rating and set a $16.30 target price on the stock. in a report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. FireEye presently has a consensus rating of Hold and a consensus price target of $19.55.

FireEye stock opened at $16.09 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.03 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -22.35 and a beta of 0.96. FireEye has a fifty-two week low of $14.20 and a fifty-two week high of $20.61.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, February 6th. The information security company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The company had revenue of $217.53 million for the quarter, compared to analyst estimates of $216.79 million. FireEye had a negative return on equity of 21.37% and a negative net margin of 29.26%. FireEye’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Equities analysts predict that FireEye will post -0.51 EPS for the current year.

In related news, President Travis M. Reese sold 101,617 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $16.71, for a total transaction of $1,698,020.07. Following the sale, the president now owns 904,097 shares of the company’s stock, valued at $15,107,460.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Frank Verdecanna sold 55,775 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $16.71, for a total value of $932,000.25. Following the sale, the chief financial officer now directly owns 501,644 shares in the company, valued at approximately $8,382,471.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 208,255 shares of company stock worth $3,479,941. Corporate insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new position in FireEye during the fourth quarter worth about $54,563,000. Patriot Wealth Management Inc. purchased a new position in FireEye during the fourth quarter worth about $3,832,000. Vanguard Group Inc. lifted its position in FireEye by 3.7% during the third quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after buying an additional 579,676 shares during the period. Berman Capital Advisors LLC purchased a new position in FireEye during the fourth quarter worth about $137,000. Finally, Oppenheimer & Co. Inc. lifted its position in FireEye by 3.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 203,877 shares of the information security company’s stock worth $3,305,000 after buying an additional 7,666 shares during the period. 73.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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