FireEye Inc (FEYE) Given Consensus Recommendation of “Buy” by Analysts
Shares of FireEye Inc (NASDAQ:FEYE) have been assigned an average recommendation of “Buy” from the twenty-eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.44.
A number of research firms recently weighed in on FEYE. Evercore ISI reissued a “buy” rating and issued a $20.00 price objective on shares of FireEye in a research report on Thursday. First Analysis upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Friday. BidaskClub upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Wedbush restated a “positive” rating and issued a $14.12 target price (down from $16.00) on shares of FireEye in a research note on Friday, February 9th. Finally, Susquehanna Bancshares upgraded shares of FireEye from a “neutral” rating to a “positive” rating in a research note on Friday, February 9th.
In other news, President Travis M. Reese sold 74,962 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $16.20, for a total transaction of $1,214,384.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin R. Mandia sold 113,130 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $16.20, for a total transaction of $1,832,706.00. Following the transaction, the chief executive officer now owns 3,119,643 shares in the company, valued at $50,538,216.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 378,215 shares of company stock worth $6,139,025. Insiders own 2.40% of the company’s stock.
Shares of FireEye (NASDAQ:FEYE) opened at $17.25 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.98. FireEye has a 1 year low of $10.35 and a 1 year high of $18.00. The firm has a market cap of $3,180.16, a PE ratio of -10.09 and a beta of 0.42.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. The company had revenue of $202.30 million for the quarter, compared to analyst estimates of $193.74 million. During the same period in the prior year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. equities research analysts predict that FireEye will post -0.83 earnings per share for the current fiscal year.
FireEye Company Profile
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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