FireEye (NASDAQ:FEYE) Upgraded at BidaskClub

FireEye (NASDAQ:FEYE) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday, January 5th.

A number of other brokerages have also recently commented on FEYE. Oppenheimer reiterated a “buy” rating and issued a $23.00 target price on shares of FireEye in a research report on Monday, September 18th. Northland Securities set a $22.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday, October 12th. Bank of America raised their price objective on shares of FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, September 25th. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, Dougherty & Co upgraded shares of FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.22.

Shares of FireEye (NASDAQ:FEYE) traded down $0.35 during trading on Friday, reaching $15.43. 1,796,956 shares of the company’s stock were exchanged, compared to its average volume of 2,910,000. The firm has a market cap of $2,850.00, a price-to-earnings ratio of -9.30 and a beta of 0.52. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a twelve month low of $10.35 and a twelve month high of $18.00.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data 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 net margin of 39.29% and a negative return on equity of 23.71%. The business had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. During the same period in the prior year, the firm earned ($0.18) EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts anticipate that FireEye will post -1.07 EPS for the current fiscal year.

In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the sale, the director now owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FEYE. Verition Fund Management LLC increased its holdings in shares of FireEye by 3.8% in the 2nd quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock valued at $194,000 after acquiring an additional 469 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of FireEye by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 216,202 shares of the information security company’s stock valued at $3,289,000 after acquiring an additional 682 shares during the period. Comerica Bank increased its holdings in shares of FireEye by 1.1% in the 2nd quarter. Comerica Bank now owns 86,543 shares of the information security company’s stock valued at $1,380,000 after acquiring an additional 965 shares during the period. Zacks Investment Management increased its holdings in shares of FireEye by 2.4% in the 2nd quarter. Zacks Investment Management now owns 44,073 shares of the information security company’s stock valued at $670,000 after acquiring an additional 1,034 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in shares of FireEye by 8.4% in the 2nd quarter. Moors & Cabot Inc. now owns 13,490 shares of the information security company’s stock valued at $208,000 after acquiring an additional 1,050 shares during the period. 68.41% of the stock is currently owned by institutional investors.

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About FireEye

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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