FireEye Inc. (FEYE) Now Covered by Deutsche Bank AG
Analysts at Deutsche Bank AG started coverage on shares of FireEye Inc. (NASDAQ:FEYE) in a note issued to investors on Monday. The firm set a “hold” rating and a $15.00 price target on the information security company’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 1.49% from the company’s previous close.
FEYE has been the subject of several other reports. Wunderlich began coverage on FireEye in a research report on Tuesday, September 13th. They issued a “hold” rating and a $16.00 price objective for the company. Citigroup Inc. lowered FireEye from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $18.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. lowered FireEye from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $15.00 in a research report on Friday, August 5th. Nomura reiterated a “buy” rating and issued a $22.50 price objective on shares of FireEye in a research report on Thursday, September 8th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and issued a $15.00 price objective (down from $16.50) on shares of FireEye in a research report on Friday, August 5th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.84.
FireEye (NASDAQ:FEYE) opened at 14.78 on Monday. FireEye has a 52-week low of $11.35 and a 52-week high of $33.15. The stock has a 50 day moving average of $14.60 and a 200-day moving average of $15.99. The company’s market cap is $2.51 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. FireEye had a negative return on equity of 46.11% and a negative net margin of 81.76%. The business earned $175 million during the quarter, compared to analyst estimates of $181.67 million. During the same period in the previous year, the firm earned ($0.41) EPS. FireEye’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that FireEye will post ($1.30) EPS for the current year.
In other news, President Travis M. Reese sold 2,466 shares of FireEye stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total transaction of $34,992.54. Following the sale, the president now directly owns 388,841 shares of the company’s stock, valued at $5,517,653.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John T. Mcgee sold 14,988 shares of FireEye stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total value of $212,829.60. Following the sale, the executive vice president now directly owns 155,905 shares in the company, valued at $2,213,851. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in FEYE. Geode Capital Management LLC raised its stake in shares of FireEye by 3.7% in the first quarter. Geode Capital Management LLC now owns 904,915 shares of the information security company’s stock worth $16,278,000 after buying an additional 32,300 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of FireEye during the first quarter worth approximately $180,000. Baker Avenue Asset Management LP purchased a new stake in shares of FireEye during the first quarter worth approximately $224,000. BB&T Securities LLC raised its stake in shares of FireEye by 264.1% in the first quarter. BB&T Securities LLC now owns 74,076 shares of the information security company’s stock worth $1,332,000 after buying an additional 53,729 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of FireEye by 1,120.4% in the first quarter. Canada Pension Plan Investment Board now owns 191,600 shares of the information security company’s stock worth $3,447,000 after buying an additional 175,900 shares during the last quarter. 52.39% of the stock is currently owned by hedge funds and other institutional investors.
FireEye Company Profile
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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