FireEye (NASDAQ:FEYE) had its price objective raised by equities researchers at BMO Capital Markets from $16.00 to $17.00 in a research note issued to investors on Friday. The brokerage currently has a “market perform” rating on the information security company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 12.36% from the company’s previous close.

FEYE has been the subject of several other reports. Barclays boosted their target price on shares of FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday. KeyCorp restated a “hold” rating on shares of FireEye in a research report on Friday, October 27th. Dougherty & Co upgraded shares of FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, November 2nd. Oppenheimer dropped their price target on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Susquehanna Bancshares upgraded shares of FireEye from a “neutral” rating to a “positive” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.05.

Shares of FireEye (NASDAQ:FEYE) traded up $1.01 during midday trading on Friday, reaching $15.13. 16,087,226 shares of the company traded hands, compared to its average volume of 3,577,785. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. The company has a market capitalization of $2,790.00, a price-to-earnings ratio of -9.11 and a beta of 0.57. FireEye has a 12 month low of $10.35 and a 12 month high of $18.00.

FireEye (NASDAQ:FEYE) last announced its earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $202.30 million during the quarter, compared to analyst estimates of $193.74 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. analysts predict that FireEye will post -1.07 EPS for the current fiscal year.

In other news, Director Ronald E. F. Codd sold 6,767 shares of the business’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 transaction, the director now owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of FireEye by 25.3% in the fourth quarter. First Trust Advisors LP now owns 875,170 shares of the information security company’s stock worth $12,427,000 after buying an additional 176,659 shares in the last quarter. First Washington CORP lifted its holdings in shares of FireEye by 74.0% in the fourth quarter. First Washington CORP now owns 215,820 shares of the information security company’s stock worth $3,065,000 after buying an additional 91,790 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of FireEye by 51.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 53,475 shares of the information security company’s stock worth $759,000 after buying an additional 18,140 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of FireEye by 16.9% in the fourth quarter. OLD National Bancorp IN now owns 25,634 shares of the information security company’s stock worth $364,000 after buying an additional 3,706 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of FireEye by 4.9% in the fourth quarter. Swiss National Bank now owns 279,200 shares of the information security company’s stock worth $3,965,000 after buying an additional 13,000 shares in the last quarter. 68.18% of the stock is currently owned by hedge funds and other institutional investors.

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About FireEye

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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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