Vetr upgraded shares of FireEye Inc (NASDAQ:FEYE) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday. Vetr currently has $17.10 price objective on the information security company’s stock.
A number of other brokerages also recently weighed in on FEYE. Stephens reaffirmed an equal weight rating and set a $14.00 price target (up previously from $12.00) on shares of FireEye in a report on Wednesday, May 3rd. William Blair raised shares of FireEye from a market perform rating to an outperform rating and cut their price target for the stock from $13.95 to $12.21 in a report on Wednesday, May 3rd. Piper Jaffray Companies downgraded shares of FireEye from an overweight rating to a neutral rating and set a $12.00 price target for the company. in a report on Friday, February 3rd. JMP Securities reaffirmed a market perform rating on shares of FireEye in a report on Wednesday, May 3rd. Finally, Wedbush cut their price target on shares of FireEye from $14.00 to $11.00 and set a neutral rating for the company in a report on Monday, February 6th. Twenty-one investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $15.46.
FireEye (NASDAQ:FEYE) traded up 0.40% during midday trading on Wednesday, hitting $15.12. 994,859 shares of the company traded hands. The stock’s 50-day moving average price is $13.50 and its 200 day moving average price is $12.68. The company’s market capitalization is $2.70 billion. FireEye has a 12-month low of $10.35 and a 12-month high of $18.42. FireEye also was the recipient of some unusual options trading activity on Monday. Traders purchased 907 put options on the company. This is an increase of approximately 130% compared to the average daily volume of 394 put options.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, May 2nd. The information security company reported ($0.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.23. The firm had revenue of $173.74 million during the quarter, compared to the consensus estimate of $163.83 million. FireEye had a negative net margin of 67.23% and a negative return on equity of 37.85%. On average, equities analysts forecast that FireEye will post ($0.30) EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Shapiro Capital Management LLC increased its stake in FireEye by 51.7% in the third quarter. Shapiro Capital Management LLC now owns 13,846,454 shares of the information security company’s stock worth $203,958,000 after buying an additional 4,717,054 shares during the period. Fisher Asset Management LLC bought a new stake in FireEye during the first quarter worth about $25,988,000. Norges Bank bought a new stake in FireEye during the fourth quarter worth about $16,275,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock worth $31,934,000 after buying an additional 1,014,120 shares during the period. Finally, Jabre Capital Partners S.A. bought a new stake in FireEye during the third quarter worth about $9,722,000. Institutional investors and hedge funds own 59.20% of the company’s stock.
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).
To view Vetr’s full report, visit Vetr’s official website.
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