FireEye, Inc. (FEYE) Upgraded to “Strong-Buy” by Vetr Inc.
Vetr upgraded shares of FireEye, Inc. (NASDAQ:FEYE) from a hold rating to a strong-buy rating in a report issued on Monday. Vetr currently has $22.32 price target on the information security company’s stock.
A number of other equities analysts also recently commented on the stock. Morgan Stanley upgraded shares of FireEye from an equal weight rating to an overweight rating and boosted their target price for the stock from $13.00 to $19.00 in a report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $19.00 target price on shares of FireEye in a report on Wednesday, August 23rd. Stifel Nicolaus reiterated a buy rating on shares of FireEye in a report on Wednesday, July 19th. Stephens upgraded shares of FireEye from an equal weight rating to an overweight rating and boosted their target price for the stock from $16.00 to $22.00 in a report on Monday, September 11th. Finally, Evercore ISI set a $20.00 target price on shares of FireEye and gave the stock a buy rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $16.61.
Shares of FireEye (NASDAQ FEYE) opened at 17.18 on Monday. FireEye has a 1-year low of $10.35 and a 1-year high of $17.51. The company’s market capitalization is $3.13 billion. The firm’s 50-day moving average is $14.89 and its 200-day moving average is $14.13.
FireEye (NASDAQ:FEYE) last released 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 company had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) earnings per share. Analysts forecast that FireEye will post ($0.21) 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 firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the sale, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after acquiring an additional 1,528 shares during the last quarter. Bank of Montreal Can increased its stake in shares of FireEye by 37.4% in the 1st quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after acquiring an additional 2,147 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of FireEye by 15.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after acquiring an additional 1,252 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of FireEye in the 2nd quarter worth $142,000. Finally, FNY Partners Fund LP increased its stake in shares of FireEye by 900.0% in the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after acquiring an additional 9,000 shares during the last quarter. 67.59% of the stock is owned by institutional investors and hedge funds.
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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