FireEye (FEYE) Issues FY18 Earnings Guidance
FireEye (NASDAQ:FEYE) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.02). The company issued revenue guidance of $815-825 million, compared to the consensus revenue estimate of $800.06 million.FireEye also updated its Q1 guidance to ($0.03-0.06) EPS.
A number of equities analysts have commented on the stock. Susquehanna Bancshares raised shares of FireEye from a neutral rating to a positive rating in a research note on Friday. Evercore ISI set a $20.00 price target on shares of FireEye and gave the company a buy rating in a research report on Friday. Wedbush reissued a positive rating and set a $14.12 price target (down previously from $16.00) on shares of FireEye in a research report on Friday. UBS Group raised shares of FireEye from a neutral rating to a positive rating in a research report on Friday. Finally, Zacks Investment Research raised shares of FireEye from a sell rating to a hold rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $17.96.
Shares of FireEye (FEYE) traded up $0.95 during midday trading on Friday, reaching $15.07. 11,630,202 shares of the company’s stock traded hands, compared to its average volume of 3,216,861. 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 1-year low of $10.35 and a 1-year high of $18.00. The company has a market cap of $2,770.00, a price-to-earnings ratio of -9.08 and a beta of 0.57.
In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the transaction, the director now directly owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in FireEye stock. The Manufacturers Life Insurance Company increased its holdings in FireEye Inc (NASDAQ:FEYE) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,623 shares of the information security company’s stock after acquiring an additional 1,528 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in FireEye were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 68.18% of the company’s stock.
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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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