FireEye, Inc. (FEYE) PT Lowered to $22.00 at Oppenheimer Holdings, Inc.
FireEye, Inc. (NASDAQ:FEYE) had its target price reduced by stock analysts at Oppenheimer Holdings, Inc. from $23.00 to $22.00 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the information security company’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 30.02% from the stock’s previous close.
Other analysts also recently issued reports about the company. BMO Capital Markets cut their target price on FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $15.00 target price (up from $14.00) on shares of FireEye in a research note on Thursday. Dougherty & Co upgraded FireEye from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday. Evercore ISI reiterated a “buy” rating and set a $20.00 target price on shares of FireEye in a research note on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.16.
FireEye (NASDAQ:FEYE) last issued its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The business had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. During the same period last year, the business posted ($0.18) EPS. The company’s revenue was up 1.7% compared to the same quarter last year.
In other FireEye news, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,000 shares of company stock worth $2,200,000. Insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of FEYE. ETF Managers Group LLC bought a new stake in FireEye during the second quarter valued at about $43,372,000. Balyasny Asset Management LLC grew its position in shares of FireEye by 213.3% during the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after purchasing an additional 1,975,924 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of FireEye by 81.7% during the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after purchasing an additional 1,548,425 shares in the last quarter. Vanguard Group Inc. grew its position in shares of FireEye by 7.9% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after purchasing an additional 917,967 shares in the last quarter. Finally, Boston Advisors LLC purchased a new position in shares of FireEye during the second quarter valued at about $10,591,000. 68.16% of the stock is currently owned by institutional investors and hedge funds.
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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