FireEye Inc. (NASDAQ:FEYE) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Nomura reiterated a “buy” rating and issued a $22.50 price objective on shares of FireEye in a research note on Thursday, September 8th. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, August 10th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $17.00 price objective (down previously from $20.00) on shares of FireEye in a research note on Friday, August 5th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of FireEye in a research note on Monday, October 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $22.00 price objective on shares of FireEye in a research note on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. FireEye has a consensus rating of “Hold” and an average target price of $20.34.

Analyst Recommendations for FireEye (NASDAQ:FEYE)

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, November 3rd. The information security company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.13. FireEye had a negative return on equity of 44.91% and a negative net margin of 77.67%. The company earned $186.40 million during the quarter, compared to analysts’ expectations of $42.65 million. During the same quarter in the previous year, the business earned ($0.37) earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis.

A number of large investors have recently modified their holdings of FEYE. Bank of Montreal Can raised its stake in shares of FireEye by 2.2% in the third quarter. Bank of Montreal Can now owns 10,093 shares of the information security company’s stock worth $148,000 after buying an additional 213 shares during the period. Seven Eight Capital LLC raised its stake in shares of FireEye by 1.3% in the second quarter. Seven Eight Capital LLC now owns 22,804 shares of the information security company’s stock worth $376,000 after buying an additional 300 shares during the period. Legal & General Group Plc raised its stake in shares of FireEye by 3.9% in the second quarter. Legal & General Group Plc now owns 11,377 shares of the information security company’s stock worth $188,000 after buying an additional 423 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of FireEye by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,619 shares of the information security company’s stock worth $570,000 after buying an additional 431 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of FireEye by 3.1% in the third quarter. Principal Financial Group Inc. now owns 14,439 shares of the information security company’s stock worth $213,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 54.13% of the company’s stock.

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.

5 Day Chart for NASDAQ:FEYE

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