Deutsche Bank AG Reiterates “Hold” Rating for FireEye Inc. (FEYE)
FireEye Inc. (NASDAQ:FEYE)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a research note issued on Saturday.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of FireEye in a research report on Friday, September 30th. Wells Fargo & Co. restated a “market perform” rating on shares of FireEye in a research report on Monday, September 26th. Wunderlich initiated coverage on shares of FireEye in a research report on Tuesday, September 13th. They set a “hold” rating and a $16.00 price target for the company. Finally, Nomura restated a “buy” rating and set a $22.50 price target on shares of FireEye in a research report on Thursday, September 8th. Eighteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. FireEye currently has an average rating of “Hold” and an average price target of $22.79.
Shares of FireEye (NASDAQ:FEYE) opened at 12.75 on Friday. The stock has a 50 day moving average price of $14.31 and a 200 day moving average price of $15.66. The firm’s market capitalization is $2.16 billion. FireEye has a 52 week low of $11.35 and a 52 week high of $31.74.
FireEye (NASDAQ:FEYE) last announced its earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.06. FireEye had a negative net margin of 81.76% and a negative return on equity of 46.11%. The company earned $175 million during the quarter, compared to analyst estimates of $181.67 million. During the same period in the previous year, the business earned ($0.41) earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts forecast that FireEye will post ($1.30) EPS for the current year.
In other FireEye news, EVP John T. Mcgee sold 14,988 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total value of $212,829.60. Following the transaction, the executive vice president now directly owns 155,905 shares in the company, valued at $2,213,851. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Travis M. Reese sold 2,466 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total transaction of $34,992.54. Following the completion of the transaction, the president now owns 388,841 shares in the company, valued at $5,517,653.79. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEYE. Seven Eight Capital LLC acquired a new position in FireEye during the first quarter valued at $405,000. Babson Capital Management LLC increased its stake in shares of FireEye by 130.7% in the first quarter. Babson Capital Management LLC now owns 51,900 shares of the information security company’s stock valued at $934,000 after buying an additional 29,400 shares during the last quarter. Eachwin Capital LP purchased a new stake in shares of FireEye during the first quarter valued at approximately $413,000. LPL Financial LLC increased its stake in shares of FireEye by 55.1% in the first quarter. LPL Financial LLC now owns 75,799 shares of the information security company’s stock valued at $1,324,000 after buying an additional 26,936 shares during the last quarter. Finally, Sterling Ridge Capital Management LP purchased a new stake in shares of FireEye during the first quarter valued at approximately $360,000. Institutional investors and hedge funds own 52.39% of the company’s stock.
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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