FireEye, Inc. (FEYE) Raised to “Sell” at BidaskClub
FireEye, Inc. (NASDAQ:FEYE) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
A number of other brokerages have also weighed in on FEYE. Barclays PLC restated an “equal weight” rating and set a $14.00 target price (up previously from $10.00) on shares of FireEye in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $19.00 price objective on shares of FireEye in a research report on Wednesday. Wedbush increased their price objective on shares of FireEye from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 3rd. Evercore ISI reiterated a “buy” rating and set a $16.00 price objective (up previously from $14.00) on shares of FireEye in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of FireEye in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.05.
Shares of FireEye (FEYE) traded up 0.69% during trading on Friday, hitting $14.58. 263,379 shares of the company traded hands. The company has a 50 day moving average price of $14.87 and a 200 day moving average price of $13.60. FireEye has a 52 week low of $10.35 and a 52 week high of $16.40. The company’s market capitalization is $2.66 billion. FireEye also was the recipient of unusually large options trading activity on Tuesday. Investors purchased 25,659 call options on the company. This is an increase of 455% compared to the typical volume of 4,621 call options.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The firm had revenue of $185.50 million during the quarter, compared to analysts’ expectations of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.33) earnings per share. On average, analysts expect that FireEye will post ($0.21) earnings per share for the current year.
In other news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FEYE. WFG Advisors LP boosted its position in FireEye by 5.1% in the second quarter. WFG Advisors LP now owns 31,586 shares of the information security company’s stock worth $480,000 after buying an additional 1,521 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in FireEye by 20.3% in the second quarter. Public Employees Retirement System of Ohio now owns 62,940 shares of the information security company’s stock worth $957,000 after buying an additional 10,631 shares during the last quarter. Verition Fund Management LLC boosted its position in FireEye by 3.8% in the second quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after buying an additional 469 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC bought a new position in FireEye during the second quarter worth approximately $534,000. Finally, California State Teachers Retirement System boosted its position in FireEye by 5.1% in the second quarter. California State Teachers Retirement System now owns 323,171 shares of the information security company’s stock worth $4,915,000 after buying an additional 15,552 shares during the last quarter. 64.30% of the stock is currently owned by institutional investors.
FireEye Company Profile
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).
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