Zacks: Brokerages Expect FireEye Inc (FEYE) Will Announce Quarterly Sales of $194.11 Million

Wall Street analysts expect FireEye Inc (NASDAQ:FEYE) to post $194.11 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for FireEye’s earnings. The highest sales estimate is $195.50 million and the lowest is $188.50 million. FireEye posted sales of $173.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The business is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that FireEye will report full year sales of $194.11 million for the current financial year, with estimates ranging from $800.80 million to $825.00 million. For the next year, analysts anticipate that the company will post sales of $884.41 million per share, with estimates ranging from $870.49 million to $904.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last posted its earnings results on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $202.30 million for the quarter, compared to analyst estimates of $193.74 million. FireEye had a negative return on equity of 24.59% and a negative net margin of 40.43%. FireEye’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share.

FEYE has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and set a $15.00 price target (up previously from $14.00) on shares of FireEye in a research report on Thursday, November 2nd. Evercore ISI reiterated a “buy” rating and set a $20.00 price target on shares of FireEye in a research report on Thursday, November 2nd. Zacks Investment Research downgraded FireEye from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BMO Capital Markets lowered their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Finally, Cowen reiterated a “hold” rating and set a $16.00 price target on shares of FireEye in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. FireEye presently has a consensus rating of “Buy” and a consensus price target of $18.09.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEYE. Principal Financial Group Inc. purchased a new position in shares of FireEye in the second quarter valued at approximately $290,000. Teachers Advisors LLC lifted its position in shares of FireEye by 22.9% in the second quarter. Teachers Advisors LLC now owns 205,415 shares of the information security company’s stock valued at $3,124,000 after acquiring an additional 38,231 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of FireEye by 13.6% in the second quarter. TIAA CREF Investment Management LLC now owns 360,323 shares of the information security company’s stock valued at $5,481,000 after acquiring an additional 43,210 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of FireEye by 0.3% in the second quarter. New York State Common Retirement Fund now owns 403,076 shares of the information security company’s stock valued at $6,131,000 after acquiring an additional 1,161 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in FireEye by 37.8% during the second quarter. UBS Asset Management Americas Inc. now owns 133,272 shares of the information security company’s stock worth $2,027,000 after buying an additional 36,526 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

Shares of FireEye (FEYE) traded up $0.03 during mid-day trading on Friday, reaching $16.61. The company’s stock had a trading volume of 4,632,971 shares, compared to its average volume of 4,210,000. The stock has a market capitalization of $3,070.00, a P/E ratio of -9.71 and a beta of 0.57. 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 52 week low of $10.35 and a 52 week high of $18.00.

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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).

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