Analysts expect that FireEye Inc (NASDAQ:FEYE) will report sales of $208.32 million for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for FireEye’s earnings. The lowest sales estimate is $207.97 million and the highest is $209.40 million. FireEye posted sales of $189.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that FireEye will report full year sales of $826.48 million for the current financial year, with estimates ranging from $825.00 million to $828.50 million. For the next year, analysts forecast that the company will post sales of $884.53 million, with estimates ranging from $867.00 million to $892.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover FireEye.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The firm had revenue of $203.00 million during the quarter, compared to the consensus estimate of $201.54 million. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS.

A number of equities analysts have recently issued reports on FEYE shares. BidaskClub raised FireEye from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets cut their target price on FireEye from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, August 2nd. Evercore ISI reissued a “buy” rating and set a $22.00 target price on shares of FireEye in a research note on Thursday, August 23rd. Wedbush reissued a “neutral” rating and set a $16.00 target price on shares of FireEye in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.59.

FEYE traded up $0.50 on Monday, hitting $16.68. 4,704,378 shares of the company traded hands, compared to its average volume of 3,865,708. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42. The company has a market cap of $3.32 billion, a PE ratio of -15.30 and a beta of 0.38. FireEye has a 12-month low of $13.40 and a 12-month high of $19.36.

In related news, CFO Frank Verdecanna sold 11,219 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $14.46, for a total value of $162,226.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Travis M. Reese sold 3,201 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $46,286.46. Following the completion of the transaction, the president now directly owns 715,060 shares of the company’s stock, valued at $10,339,767.60. The disclosure for this sale can be found here. Insiders sold a total of 20,820 shares of company stock valued at $301,057 over the last ninety days. 2.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in FEYE. OppenheimerFunds Inc. grew its holdings in FireEye by 100.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after buying an additional 3,000,051 shares during the last quarter. Legal & General Group Plc grew its holdings in FireEye by 1,276.3% during the 1st quarter. Legal & General Group Plc now owns 1,177,816 shares of the information security company’s stock valued at $19,940,000 after buying an additional 1,092,239 shares during the last quarter. Jennison Associates LLC acquired a new stake in FireEye during the 2nd quarter valued at $13,735,000. Millennium Management LLC grew its holdings in FireEye by 125.8% during the 2nd quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock valued at $23,230,000 after buying an additional 841,080 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in FireEye during the 1st quarter valued at $9,619,000. Hedge funds and other institutional investors own 69.92% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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