FireEye (FEYE) Upgraded by First Analysis to Overweight

First Analysis upgraded shares of FireEye (NASDAQ:FEYE) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, March 2nd, Marketbeat.com reports. They currently have $20.00 price objective on the information security company’s stock.

Several other equities research analysts have also commented on the stock. Wedbush reaffirmed a neutral rating and set a $15.00 price target (up previously from $14.00) on shares of FireEye in a research report on Thursday, November 2nd. Evercore ISI reissued a buy rating and issued a $20.00 target price on shares of FireEye in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of FireEye from a hold rating to a sell rating in a report on Tuesday, January 2nd. BMO Capital Markets reduced their target price on shares of FireEye from $17.00 to $16.00 and set a market perform rating for the company in a report on Thursday, November 2nd. Finally, Cowen reissued a hold rating and issued a $16.00 target price on shares of FireEye in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $18.17.

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FireEye (FEYE) traded down $0.72 during midday trading on Friday, hitting $16.59. 2,816,644 shares of the stock traded hands, compared to its average volume of 4,120,794. FireEye has a 12-month low of $11.82 and a 12-month high of $18.84. The stock has a market cap of $3,241.46, a price-to-earnings ratio of -9.70 and a beta of 0.42. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.05.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts forecast that FireEye will post -0.83 EPS for the current fiscal year.

In other news, President Travis M. Reese sold 74,962 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, President Travis M. Reese sold 100,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $17.50, for a total value of $1,750,000.00. Following the completion of the sale, the president now owns 810,829 shares of the company’s stock, valued at $14,189,507.50. The disclosure for this sale can be found here. Insiders have sold a total of 478,215 shares of company stock valued at $7,889,025 over the last quarter. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in FireEye by 1,158.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,913,038 shares of the information security company’s stock worth $41,365,000 after buying an additional 2,681,525 shares during the last quarter. Neuberger Berman Group LLC lifted its position in FireEye by 9.5% in the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock worth $45,721,000 after buying an additional 237,575 shares during the last quarter. State Street Corp lifted its position in FireEye by 1.5% in the second quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock worth $31,188,000 after buying an additional 30,285 shares during the last quarter. Geode Capital Management LLC lifted its position in FireEye by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,575,026 shares of the information security company’s stock worth $22,365,000 after buying an additional 79,998 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in FireEye by 28.4% in the third quarter. Russell Investments Group Ltd. now owns 893,117 shares of the information security company’s stock worth $14,977,000 after buying an additional 197,348 shares during the last quarter. Institutional investors own 65.36% of the company’s stock.

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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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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