FireEye (NASDAQ:FEYE) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.03-0.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). The company issued revenue guidance of $192-197 million, compared to the consensus revenue estimate of $187.20 million.FireEye also updated its FY18 guidance to $0.00-0.04 EPS.

FireEye (NASDAQ:FEYE) traded up $0.97 during trading hours on Friday, reaching $15.09. 10,863,620 shares of the company were exchanged, compared to its average volume of 3,216,861. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a market capitalization of $2,770.00, a price-to-earnings ratio of -9.04 and a beta of 0.57. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The business had revenue of $202.30 million for the quarter, compared to analyst estimates of $193.74 million. During the same period last year, the firm earned ($0.03) earnings per share. FireEye’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts anticipate that FireEye will post -1.07 EPS for the current fiscal year.

FEYE has been the topic of several recent analyst reports. Evercore ISI reissued a buy rating and issued a $20.00 target price on shares of FireEye in a report on Thursday, November 2nd. Northland Securities set a $22.00 price target on shares of FireEye and gave the company a buy rating in a report on Thursday, October 12th. Oppenheimer reaffirmed a buy rating and set a $23.00 price target on shares of FireEye in a report on Thursday, October 19th. Dougherty & Co raised shares of FireEye from a neutral rating to a buy rating and set a $18.00 price target on the stock in a report on Thursday, November 2nd. Finally, Cowen reaffirmed a hold rating and set a $16.00 price target on shares of FireEye in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $17.96.

In other news, Director Ronald E. F. Codd sold 6,767 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the transaction, the director now owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in FireEye stock. The Manufacturers Life Insurance Company raised its position in FireEye Inc (NASDAQ:FEYE) by 30.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,623 shares of the information security company’s stock after purchasing an additional 1,528 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 68.18% of the company’s stock.

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About FireEye

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

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