FireEye, Inc. (NASDAQ:FEYE) was upgraded by research analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, November 2nd, Marketbeat reports. The brokerage presently has a $18.00 price target on the information security company’s stock. Dougherty & Co’s target price indicates a potential upside of 28.94% from the stock’s current price.
Several other research analysts also recently commented on the stock. Morgan Stanley upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $13.00 to $19.00 in a research report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $19.00 target price on shares of FireEye in a research report on Wednesday, August 23rd. Bank of America Corporation upped their target price on shares of FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Stephens upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $16.00 to $22.00 in a research report on Monday, September 11th. Finally, Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $17.53 price objective on the stock in a research report on Monday, July 17th. 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 given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.22.
Shares of FireEye (NASDAQ:FEYE) opened at $13.96 on Thursday. FireEye has a 1 year low of $10.35 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99.
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 during the quarter, compared to the consensus estimate of $186.41 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue was up 1.7% on a year-over-year basis. sell-side analysts forecast that FireEye will post -1.07 earnings per share for the current fiscal year.
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In related news, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 7,099 shares of the company’s stock, valued at $96,333.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,767 shares of company stock valued at $2,291,828. 2.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEYE. The Manufacturers Life Insurance Company increased its holdings in FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after buying an additional 1,528 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in FireEye in the third quarter valued at $129,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after buying an additional 1,252 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in FireEye in the second quarter valued at $142,000. Finally, FNY Partners Fund LP increased its holdings in FireEye by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock valued at $152,000 after buying an additional 9,000 shares in the last quarter. 66.93% of the stock is owned by institutional investors.
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).
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