FireEye, Inc. (FEYE) Earns “Buy” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reiterated their buy rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a report published on Wednesday. Goldman Sachs Group, Inc. (The) currently has a $19.00 price target on the information security company’s stock.
A number of other research firms also recently issued reports on FEYE. Barclays PLC reiterated an equal weight rating and issued a $14.00 price objective (up from $10.00) on shares of FireEye in a report on Wednesday, May 3rd. BidaskClub downgraded shares of FireEye from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Wedbush lifted their price objective on shares of FireEye from $11.00 to $13.00 and gave the company a neutral rating in a report on Wednesday, May 3rd. Evercore ISI reiterated a buy rating and issued a $16.00 price objective (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $20.00 price objective on shares of FireEye in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. FireEye currently has an average rating of Hold and an average target price of $16.05.
FireEye (NASDAQ:FEYE) opened at 14.50 on Wednesday. FireEye has a one year low of $10.35 and a one year high of $16.40. The firm’s market cap is $2.64 billion. The firm has a 50 day moving average of $14.87 and a 200-day moving average of $13.63.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same period last year, the company earned ($0.33) earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that FireEye will post ($0.21) EPS for the current fiscal 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 value of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
Several large investors have recently made changes to their positions in FEYE. The Manufacturers Life Insurance Company boosted its stake in shares of FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after buying an additional 1,528 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after buying an additional 1,252 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of FireEye during the second quarter worth about $142,000. Finally, FNY Partners Fund LP boosted its stake in shares of FireEye by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after buying an additional 9,000 shares during the last quarter. 64.30% of the stock is 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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