FireEye, Inc. (FEYE) PT Lowered to $16.00 at BMO Capital Markets
FireEye, Inc. (NASDAQ:FEYE) had its price target lowered by BMO Capital Markets from $17.00 to $16.00 in a report issued on Thursday. The firm currently has a market perform rating on the information security company’s stock.
Other research analysts have also issued research reports about the stock. Evercore ISI set a $20.00 price target on shares of FireEye and gave the stock a buy rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a buy rating and set a $20.00 price target on shares of FireEye in a research note on Wednesday, August 2nd. Vetr lowered shares of FireEye from a strong-buy rating to a buy rating and set a $17.31 price target on the stock. in a research note on Wednesday, July 12th. BTIG Research restated a buy rating and set a $18.00 price target (up previously from $17.00) on shares of FireEye in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of FireEye from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $17.26.
Shares of FireEye (FEYE) traded down $0.05 on Thursday, hitting $14.49. 7,384,345 shares of the stock traded hands, compared to its average volume of 4,050,000. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00. 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 announced its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. During the same quarter in the prior year, the business posted ($0.18) EPS. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts forecast that FireEye will post -1.09 earnings per share for the current fiscal year.
In other news, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Travis M. Reese sold 88,445 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total transaction of $1,547,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 125,000 shares of company stock valued at $2,200,000 over the last ninety days. 2.40% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in FEYE. The Manufacturers Life Insurance Company increased its position in shares of FireEye by 30.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of FireEye by 15.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after purchasing an additional 1,252 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of FireEye during the 2nd quarter worth about $142,000. FNY Partners Fund LP increased its position in shares of FireEye by 900.0% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Sigma Planning Corp increased its position in shares of FireEye by 2.5% during the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
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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