BidaskClub Lowers FireEye, Inc. (NASDAQ:FEYE) to Strong Sell
BidaskClub lowered shares of FireEye, Inc. (NASDAQ:FEYE) from a sell rating to a strong sell rating in a report published on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. Vetr cut shares of FireEye from a strong-buy rating to a buy rating and set a $16.36 price objective on the stock. in a report on Monday, May 8th. Evercore ISI restated a buy rating and issued a $16.00 price objective (up previously from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $17.00 price objective (up previously from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Stifel Nicolaus restated a buy rating and issued a $20.00 price objective (up previously from $17.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, Barclays PLC restated an equal weight rating and issued a $14.00 price objective (up previously from $10.00) on shares of FireEye in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $15.84.
Shares of FireEye (NASDAQ:FEYE) traded down 1.10% during trading on Wednesday, reaching $14.36. 5,497,465 shares of the company traded hands. FireEye has a 12-month low of $10.35 and a 12-month high of $17.70. The firm’s 50 day moving average is $15.39 and its 200-day moving average is $13.45. The stock’s market capitalization is $2.54 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The business had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 25.87%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) earnings per share. On average, equities research analysts anticipate that FireEye will post ($0.22) earnings per share for the current fiscal year.
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In other FireEye news, EVP Alexa King sold 69,884 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the transaction, the executive vice president now directly owns 428,733 shares in the company, valued at $6,199,479.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Shapiro Capital Management LLC boosted its stake in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after buying an additional 2,859,910 shares during the period. Vanguard Group Inc. boosted its stake in shares of FireEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock worth $147,038,000 after buying an additional 257,120 shares during the period. Penserra Capital Management LLC boosted its stake in shares of FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after buying an additional 456,661 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock worth $31,934,000 after buying an additional 1,014,120 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of FireEye by 32.8% in the first quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock worth $28,493,000 after buying an additional 557,832 shares during the period. 67.94% of the stock is owned by hedge funds and other 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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