FireEye Inc (NASDAQ:FEYE) has earned a consensus recommendation of “Hold” from the twenty-nine analysts that are covering the company. One research analyst has rated the stock with a sell recommendation, nineteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.50.
A number of analysts recently commented on FEYE shares. Goldman Sachs Group Inc downgraded FireEye from a “neutral” rating to a “sell” rating and decreased their price target for the company from $15.00 to $11.00 in a research report on Tuesday, November 22nd. Zacks Investment Research lowered FireEye from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of FireEye in a report on Wednesday, February 1st. First Analysis raised FireEye from an “underweight” rating to an “equal weight” rating and set a $11.00 price target for the company in a report on Friday, February 3rd. Finally, Northland Securities assumed coverage on FireEye in a research report on Friday, January 13th. They issued an “outperform” rating and a $17.00 price objective on the stock.
FireEye (NASDAQ:FEYE) opened at 10.73 on Monday. The firm’s market cap is $1.90 billion. FireEye has a 12-month low of $10.35 and a 12-month high of $19.17. The stock’s 50 day moving average price is $11.38 and its 200-day moving average price is $12.82.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, February 2nd. The information security company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.13. The company earned $184.70 million during the quarter, compared to the consensus estimate of $190.96 million. FireEye had a negative return on equity of 37.85% and a negative net margin of 67.23%. FireEye’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted ($0.36) earnings per share. Equities research analysts anticipate that FireEye will post ($0.48) earnings per share for the current fiscal year.
In other news, CEO Kevin R. Mandia sold 112,581 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $12.29, for a total transaction of $1,383,620.49. Following the completion of the sale, the chief executive officer now owns 2,604,446 shares of the company’s stock, valued at approximately $32,008,641.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Travis M. Reese sold 23,376 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $11.31, for a total transaction of $264,382.56. Following the sale, the president now directly owns 544,861 shares of the company’s stock, valued at approximately $6,162,377.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 405,848 shares of company stock valued at $4,768,862. Company insiders own 9.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Marcus Capital LLC increased its stake in shares of FireEye by 19.4% in the third quarter. Marcus Capital LLC now owns 121,785 shares of the information security company’s stock worth $1,794,000 after buying an additional 19,750 shares during the last quarter. Falcon Point Capital LLC increased its stake in shares of FireEye by 141.7% in the third quarter. Falcon Point Capital LLC now owns 1,134,958 shares of the information security company’s stock worth $13,188,000 after buying an additional 665,442 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of FireEye during the fourth quarter worth about $1,455,000. State of New Jersey Common Pension Fund D increased its stake in shares of FireEye by 16.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 700,000 shares of the information security company’s stock worth $10,311,000 after buying an additional 100,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FireEye by 11.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,612 shares of the information security company’s stock worth $2,056,000 after buying an additional 14,117 shares during the last quarter. 59.20% of the stock is owned by hedge funds and other institutional investors.
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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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