William Blair Equities Analysts Lower Earnings Estimates for FireEye, Inc. (NASDAQ:FEYE)


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FireEye, Inc. (NASDAQ:FEYE) – Analysts at William Blair decreased their Q2 2021 earnings per share (EPS) estimates for shares of FireEye in a research report issued on Wednesday, April 28th. William Blair analyst J. Ho now forecasts that the information security company will earn ($0.10) per share for the quarter, down from their prior estimate of ($0.08). William Blair also issued estimates for FireEye’s Q4 2021 earnings at ($0.06) EPS, FY2021 earnings at ($0.32) EPS, Q1 2022 earnings at ($0.10) EPS, Q2 2022 earnings at ($0.08) EPS, Q3 2022 earnings at ($0.06) EPS, Q4 2022 earnings at ($0.04) EPS and FY2022 earnings at ($0.24) EPS.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, April 27th. The information security company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. FireEye had a negative return on equity of 13.83% and a negative net margin of 23.48%. The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $237.00 million. During the same period in the prior year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year.

Several other research firms also recently weighed in on FEYE. Morgan Stanley upped their price target on FireEye from $14.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, January 8th. BMO Capital Markets upped their price objective on FireEye from $17.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, February 3rd. Barclays upped their price objective on FireEye from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday. Bank of America raised FireEye from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, February 4th. Finally, Piper Sandler upped their price objective on FireEye from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.25.

FEYE stock opened at $19.55 on Monday. FireEye has a 1-year low of $10.31 and a 1-year high of $25.53. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.69 and a quick ratio of 1.68. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -19.75 and a beta of 1.26. The business has a 50 day simple moving average of $20.04 and a two-hundred day simple moving average of $18.92.

Hedge funds have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. purchased a new stake in FireEye in the fourth quarter worth $10,540,000. Davy Global Fund Management Ltd increased its stake in FireEye by 60.5% in the fourth quarter. Davy Global Fund Management Ltd now owns 87,785 shares of the information security company’s stock worth $2,024,000 after purchasing an additional 33,092 shares during the period. Stephens Investment Management Group LLC increased its stake in FireEye by 189.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 3,191,519 shares of the information security company’s stock worth $73,596,000 after purchasing an additional 2,087,348 shares during the period. Cypress Growth Fund Iii LP purchased a new stake in FireEye in the fourth quarter worth $5,073,000. Finally, Tatro Capital LLC purchased a new stake in FireEye in the first quarter worth $267,000. Institutional investors and hedge funds own 79.78% of the company’s stock.

In related news, EVP Alexa King sold 39,814 shares of the stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $20.54, for a total transaction of $817,779.56. Following the sale, the executive vice president now owns 340,062 shares in the company, valued at approximately $6,984,873.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

About FireEye

FireEye, Inc provides intelligence-based cybersecurity solutions to prepare for, prevent, investigate, respond to, and remediate cyber-attacks in organizations. Its FireEye products include network, email, endpoint, and cloud security control products to detect and prevent threats; Dynamic Threat Intelligence Cloud, a bi-directional cloud-based service; Helix Security Operations Platform, a cloud-hosted security operations platform; Cloudvisory cloud security products; and customer support and maintenance services.

Further Reading: Fiduciary

Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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