$201.36 Million in Sales Expected for FireEye Inc (FEYE) This Quarter

Equities analysts forecast that FireEye Inc (NASDAQ:FEYE) will post $201.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for FireEye’s earnings, with estimates ranging from $200.70 million to $202.20 million. FireEye posted sales of $185.47 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The company is expected to report its next quarterly earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that FireEye will report full year sales of $825.02 million for the current year, with estimates ranging from $820.11 million to $828.30 million. For the next fiscal year, analysts anticipate that the business will post sales of $883.85 million per share, with estimates ranging from $868.00 million to $894.78 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $199.07 million for the quarter, compared to analysts’ expectations of $193.91 million. FireEye had a negative net margin of 37.68% and a negative return on equity of 25.25%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.

Several brokerages recently weighed in on FEYE. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. First Analysis raised shares of FireEye from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Friday, March 2nd. JPMorgan Chase & Co. boosted their price objective on shares of FireEye to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, May 3rd. Evercore ISI reissued a “buy” rating and issued a $20.00 price objective on shares of FireEye in a research note on Thursday, March 1st. Finally, ValuEngine raised shares of FireEye from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.30.

In other FireEye news, EVP Alexa King sold 3,190 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $17.35, for a total transaction of $55,346.50. Following the sale, the executive vice president now owns 450,725 shares of the company’s stock, valued at $7,820,078.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FEYE. Point72 Asia Hong Kong Ltd boosted its position in FireEye by 946.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock valued at $124,000 after acquiring an additional 6,635 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in FireEye by 56.9% during the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after acquiring an additional 2,830 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of FireEye during the fourth quarter valued at about $146,000. Levin Capital Strategies L.P. raised its holdings in shares of FireEye by 40.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 14,000 shares of the information security company’s stock valued at $199,000 after purchasing an additional 4,000 shares during the period. Finally, Natixis Advisors L.P. acquired a new position in shares of FireEye during the first quarter valued at about $201,000. 65.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of FireEye traded down $0.05, reaching $17.30, during midday trading on Friday, according to Marketbeat.com. 2,875,515 shares of the company were exchanged, compared to its average volume of 3,790,569. The stock has a market cap of $3.29 billion, a PE ratio of -15.87 and a beta of 0.35. FireEye has a one year low of $13.40 and a one year high of $19.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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