BidaskClub lowered shares of FireEye (NASDAQ:FEYE) from a sell rating to a strong sell rating in a research note released on Friday.

FEYE has been the subject of a number of other reports. ValuEngine raised FireEye from a sell rating to a hold rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. lifted their price target on FireEye to $20.00 and gave the stock a neutral rating in a report on Thursday, May 3rd. Deutsche Bank lifted their price target on FireEye from $16.00 to $18.00 and gave the stock a hold rating in a report on Thursday, May 3rd. BMO Capital Markets lifted their price target on FireEye from $17.00 to $18.00 and gave the stock a market perform rating in a report on Thursday, May 3rd. Finally, Wedbush reaffirmed a neutral rating and set a $15.00 price target (down from $16.00) on shares of FireEye in a report on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FireEye has a consensus rating of Hold and a consensus price target of $19.49.

Shares of NASDAQ FEYE opened at $14.42 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -13.23 and a beta of 0.36. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42. FireEye has a 1 year low of $13.40 and a 1 year high of $19.36.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.01. The company had revenue of $203.00 million during the quarter, compared to the consensus estimate of $201.54 million. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. FireEye’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. equities research analysts expect that FireEye will post -0.79 EPS for the current fiscal year.

In related news, EVP William T. Robbins sold 6,400 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total value of $92,544.00. Following the transaction, the executive vice president now owns 359,444 shares in the company, valued at approximately $5,197,560.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Frank Verdecanna sold 11,219 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $162,226.74. The disclosure for this sale can be found here. Insiders have sold 36,521 shares of company stock worth $567,189 in the last quarter. Insiders own 2.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of FEYE. Valeo Financial Advisors LLC increased its position in FireEye by 166.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock valued at $119,000 after acquiring an additional 5,000 shares during the period. Point72 Asia Hong Kong Ltd increased its position in FireEye by 946.5% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock valued at $124,000 after acquiring an additional 6,635 shares during the period. Global X Management Co LLC acquired a new position in FireEye in the 2nd quarter valued at about $131,000. Asset Management One Co. Ltd. increased its position in FireEye by 56.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after acquiring an additional 2,830 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in FireEye in the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

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.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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