FireEye (NASDAQ:FEYE)‘s stock had its “buy” rating reissued by William Blair in a note issued to investors on Wednesday, TipRanks reports.
FEYE has been the subject of a number of other reports. Mizuho set a $16.00 price target on FireEye and gave the company a “hold” rating in a report on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price target (down from $17.00) on shares of FireEye in a report on Wednesday, July 31st. BidaskClub upgraded FireEye from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Bank of America set a $20.00 price target on FireEye and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird set a $23.00 price target on FireEye and gave the company a “buy” rating in a report on Sunday, September 15th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. FireEye presently has an average rating of “Hold” and a consensus price target of $18.72.
FEYE stock traded up $0.27 during midday trading on Wednesday, hitting $15.08. 3,550,285 shares of the company’s stock were exchanged, compared to its average volume of 3,682,733. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.30. FireEye has a 12-month low of $12.66 and a 12-month high of $20.61. The firm has a 50 day moving average price of $13.70 and a 200-day moving average price of $14.79. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -20.94 and a beta of 0.96.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The company had revenue of $218.00 million for the quarter, compared to the consensus estimate of $215.45 million. FireEye’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that FireEye will post -0.7 EPS for the current fiscal year.
In related news, EVP William T. Robbins sold 6,316 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $13.29, for a total transaction of $83,939.64. Following the completion of the transaction, the executive vice president now owns 411,357 shares in the company, valued at approximately $5,466,934.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Frank Verdecanna sold 10,525 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $13.29, for a total value of $139,877.25. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FEYE. Oakworth Capital Inc. acquired a new position in FireEye during the 2nd quarter valued at approximately $26,000. Enterprise Trust & Investment Co acquired a new position in FireEye during the 2nd quarter valued at approximately $89,000. Oppenheimer Asset Management Inc. acquired a new position in FireEye during the 2nd quarter valued at approximately $95,000. TRUE Private Wealth Advisors acquired a new position in FireEye during the 2nd quarter valued at approximately $131,000. Finally, Hilton Capital Management LLC acquired a new position in FireEye during the 1st quarter valued at approximately $140,000. Institutional investors and hedge funds own 71.31% of the company’s stock.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.
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