FireEye (NASDAQ:FEYE) Rating Lowered to Hold at BidaskClub

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FireEye (NASDAQ:FEYE) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a $20.00 price objective on shares of FireEye and gave the company a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird set a $23.00 price target on FireEye and gave the company a “buy” rating in a research note on Wednesday, October 9th. Mizuho set a $16.00 price objective on FireEye and gave the company a “hold” rating in a report on Wednesday, October 9th. William Blair reaffirmed a “buy” rating on shares of FireEye in a research note on Wednesday, October 9th. Finally, TheStreet raised FireEye from a “d+” rating to a “c-” rating in a report on Tuesday, October 29th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.42.

NASDAQ:FEYE opened at $16.26 on Friday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of -22.58 and a beta of 1.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.52 and a current ratio of 1.53. FireEye has a 1 year low of $12.66 and a 1 year high of $20.41. The business has a fifty day moving average of $16.43 and a 200-day moving average of $14.85.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, October 29th. The information security company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $225.91 million for the quarter, compared to analysts’ expectations of $220.09 million. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts predict that FireEye will post -0.62 EPS for the current year.

In other news, EVP William T. Robbins sold 6,256 shares of FireEye stock in a transaction on Monday, November 18th. The stock was sold at an average price of $16.93, for a total transaction of $105,914.08. Following the transaction, the executive vice president now owns 405,101 shares in the company, valued at $6,858,359.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of FireEye by 5.5% in the second quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock worth $269,407,000 after acquiring an additional 945,885 shares during the last quarter. First Trust Advisors LP grew its stake in shares of FireEye by 27.8% in the 3rd quarter. First Trust Advisors LP now owns 2,238,934 shares of the information security company’s stock valued at $29,867,000 after buying an additional 486,491 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of FireEye by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,112,600 shares of the information security company’s stock valued at $31,288,000 after buying an additional 166,800 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in FireEye by 52.6% during the second quarter. Jacobs Levy Equity Management Inc. now owns 1,510,010 shares of the information security company’s stock valued at $22,363,000 after acquiring an additional 520,487 shares in the last quarter. Finally, Northern Trust Corp raised its position in FireEye by 1.1% during the second quarter. Northern Trust Corp now owns 1,115,441 shares of the information security company’s stock valued at $16,520,000 after acquiring an additional 12,165 shares in the last quarter. 76.74% of the stock is owned by institutional investors and hedge funds.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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