FireEye, Inc. (NASDAQ:FEYE) had its target price decreased by Oppenheimer Holdings, Inc. from $23.00 to $22.00 in a report released on Thursday, November 2nd. Oppenheimer Holdings, Inc. currently has an outperform rating on the information security company’s stock.
Other analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a buy rating on shares of FireEye in a research note on Wednesday, July 19th. BMO Capital Markets lifted their price target on FireEye from $15.00 to $17.00 and gave the stock a market perform rating in a research note on Wednesday, August 2nd. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a buy rating in a research note on Friday, August 11th. Standpoint Research lowered FireEye from a buy rating to a hold rating and set a $18.00 price objective on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Finally, Morgan Stanley raised FireEye from an equal weight rating to an overweight rating and boosted their price objective for the stock from $13.00 to $19.00 in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. FireEye presently has an average rating of Hold and an average target price of $17.22.
FireEye (NASDAQ FEYE) opened at $13.96 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.00. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The company had revenue of $189.60 million during the quarter, compared to analysts’ expectations of $186.41 million. During the same period last year, the business earned ($0.18) earnings per share. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts predict that FireEye will post -1.07 earnings per share for the current fiscal year.
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In other news, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.50, for a total value of $202,212.50. Following the sale, the president now owns 508,210 shares in the company, valued at approximately $8,893,675. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,767 shares of company stock worth $2,291,828. 2.40% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in FireEye by 7.9% in the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after acquiring an additional 917,967 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after acquiring an additional 1,548,425 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in FireEye by 213.3% in the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after acquiring an additional 1,975,924 shares during the last quarter. ETF Managers Group LLC acquired a new position in FireEye in the second quarter valued at $43,372,000. Finally, Neuberger Berman Group LLC boosted its holdings in FireEye by 9.5% in the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock valued at $45,721,000 after acquiring an additional 237,575 shares during the last quarter. Hedge funds and other institutional investors own 66.93% of the company’s stock.
FireEye Company Profile
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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