FireEye, Inc. (FEYE) Expected to Announce Quarterly Sales of $186.40 Million
Analysts expect FireEye, Inc. (NASDAQ:FEYE) to post $186.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for FireEye’s earnings. The highest sales estimate is $188.35 million and the lowest is $185.00 million. FireEye posted sales of $186.41 million during the same quarter last year, which suggests a negative year over year growth rate of 0%. The company is expected to issue its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that FireEye will report full-year sales of $186.40 million for the current year, with estimates ranging from $737.50 million to $744.40 million. For the next fiscal year, analysts expect that the firm will report sales of $805.38 million per share, with estimates ranging from $780.00 million to $828.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover FireEye.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. The firm had revenue of $185.50 million during 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 26.21%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.33) earnings per share.
A number of equities analysts recently weighed in on the stock. Morgan Stanley raised shares of FireEye from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $19.00 in a report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $19.00 price target on shares of FireEye in a report on Wednesday, August 23rd. Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $17.53 price target on the stock in a report on Monday, July 17th. Stifel Nicolaus reissued a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Finally, Stephens raised shares of FireEye from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $16.00 to $22.00 in a report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.61.
In related news, President Travis M. Reese sold 11,555 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the transaction, the president now directly owns 508,210 shares in the company, valued at $8,893,675. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares in the company, valued at $6,199,479.18. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of FEYE. Shapiro Capital Management LLC increased its position 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 purchasing an additional 2,859,910 shares during the last quarter. ETF Managers Group LLC bought a new position in shares of FireEye in the second quarter worth approximately $43,372,000. Balyasny Asset Management LLC increased its position in shares of 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 worth $44,144,000 after purchasing an additional 1,975,924 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after purchasing an additional 1,548,425 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of FireEye by 7.9% in the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares during the last quarter. Institutional investors own 67.59% of the company’s stock.
Shares of FireEye (NASDAQ FEYE) opened at 16.84 on Friday. FireEye has a 52 week low of $10.35 and a 52 week high of $17.51. The firm has a 50-day moving average of $14.96 and a 200-day moving average of $14.18. The firm’s market cap is $3.07 billion.
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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