FireEye’s (FEYE) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reiterated their buy rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research report sent to investors on Monday. Oppenheimer Holdings, Inc. currently has a $23.00 price target on the information security company’s stock.
Other equities analysts also recently issued research reports about the company. Vetr upgraded FireEye from a buy rating to a strong-buy rating and set a $17.31 price target on the stock in a research report on Tuesday, July 4th. Stifel Nicolaus restated a buy rating on shares of FireEye in a research report on Wednesday, July 19th. BMO Capital Markets raised their target price on FireEye from $15.00 to $17.00 and gave the company a market perform rating in a research report on Wednesday, August 2nd. Evercore ISI set a $20.00 target price on FireEye and gave the company a buy rating in a research report on Friday, August 11th. Finally, Standpoint Research downgraded FireEye from a buy rating to a hold rating and set a $18.00 target price on the stock. in a research report on Monday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $16.61.
Shares of FireEye (NASDAQ:FEYE) opened at 16.84 on Monday. FireEye has a 1-year low of $10.35 and a 1-year high of $17.51. The company’s market cap is $3.07 billion. The firm has a 50-day moving average price of $14.96 and a 200-day moving average price of $14.18.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. FireEye’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) earnings per share. On average, equities analysts expect that FireEye will post ($0.21) EPS for the current year.
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In other news, EVP Alexa King sold 69,884 shares of FireEye 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 $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Travis M. Reese sold 11,555 shares of FireEye stock in a transaction 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 completion of the sale, the president now directly owns 508,210 shares of the company’s stock, valued at $8,893,675. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FEYE. Bank of Montreal Can grew its stake in shares of FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock valued at $100,000 after buying an additional 2,147 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after buying an additional 1,528 shares in the last quarter. US Bancorp DE grew its stake in shares of FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock valued at $135,000 after buying an additional 7,788 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after buying an additional 1,252 shares in the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of FireEye in the second quarter valued at $142,000. 67.59% of the stock is owned by institutional investors and hedge funds.
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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