FireEye (NASDAQ:FEYE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other analysts have also issued reports on the company. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Evercore ISI reiterated a “buy” rating and set a $22.00 price objective on shares of FireEye in a report on Thursday, August 23rd. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Wedbush reiterated a “neutral” rating and set a $16.00 price objective on shares of FireEye in a report on Thursday, August 2nd. Finally, BMO Capital Markets cut their price objective on FireEye from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. FireEye currently has an average rating of “Hold” and an average target price of $19.62.

Shares of NASDAQ:FEYE opened at $15.42 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42. FireEye has a 1 year low of $13.40 and a 1 year high of $19.36. The firm has a market cap of $2.97 billion, a P/E ratio of -14.15 and a beta of 0.39.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The business had revenue of $203.00 million during the quarter, compared to analyst estimates of $201.54 million. During the same period last year, the company earned ($0.04) earnings per share. FireEye’s quarterly revenue was up 5.9% compared to the same quarter last year. analysts anticipate that FireEye will post -0.79 earnings per share for the current year.

In other FireEye news, CFO Frank Verdecanna sold 11,219 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $162,226.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin R. Mandia sold 15,701 shares of the firm’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $16.95, for a total value of $266,131.95. Following the transaction, the chief executive officer now owns 3,103,942 shares in the company, valued at $52,611,816.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,521 shares of company stock worth $567,189. Corporate insiders own 2.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of FireEye in the second quarter valued at about $267,000. Global X Management Co LLC acquired a new stake in shares of FireEye in the second quarter valued at about $131,000. Private Wealth Partners LLC acquired a new stake in shares of FireEye in the second quarter valued at about $685,000. Verition Fund Management LLC acquired a new stake in shares of FireEye in the second quarter valued at about $583,000. Finally, Millennium Management LLC grew its position in shares of FireEye by 125.8% in the second quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock valued at $23,230,000 after purchasing an additional 841,080 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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