FireEye (NASDAQ:FEYE)‘s stock had its “neutral” rating reissued by equities researchers at Wedbush in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $17.00 price target on the information security company’s stock. Wedbush’s price target indicates a potential upside of 16.52% from the stock’s current price.

Several other research analysts also recently weighed in on FEYE. Zacks Investment Research downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a research note on Thursday. Robert W. Baird reiterated a “buy” rating and set a $23.00 price target on shares of FireEye in a research note on Wednesday. Finally, Mizuho assumed coverage on FireEye in a research note on Tuesday, March 26th. They set a “neutral” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.56.

Shares of FEYE stock opened at $14.59 on Friday. FireEye has a 1-year low of $13.85 and a 1-year high of $20.61. The company has a current ratio of 2.00, a quick ratio of 1.99 and a debt-to-equity ratio of 1.69.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The business had revenue of $210.54 million for the quarter, compared to analysts’ expectations of $210.22 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts forecast that FireEye will post -0.57 earnings per share for the current year.

In other FireEye news, EVP Alexa King sold 3,156 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the sale, the executive vice president now owns 505,060 shares in the company, valued at approximately $7,762,772.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of FEYE. Clearbridge Investments LLC lifted its holdings in shares of FireEye by 190.2% in the 1st quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock valued at $15,211,000 after buying an additional 593,765 shares during the period. Cerebellum GP LLC lifted its holdings in shares of FireEye by 5.4% in the 1st quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock valued at $268,000 after buying an additional 818 shares during the period. Nordea Investment Management AB acquired a new position in shares of FireEye in the 1st quarter valued at about $4,503,000. BlueMountain Capital Management LLC lifted its holdings in shares of FireEye by 149.3% in the 1st quarter. BlueMountain Capital Management LLC now owns 98,476 shares of the information security company’s stock valued at $1,653,000 after buying an additional 58,977 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new position in shares of FireEye in the 1st quarter valued at about $698,000. Institutional investors and hedge funds own 79.81% of the company’s stock.

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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