FireEye, Inc. (FEYE) to Post FY2017 Earnings of ($1.12) Per Share, Wedbush Forecasts
FireEye, Inc. (NASDAQ:FEYE) – Equities researchers at Wedbush lowered their FY2017 earnings estimates for shares of FireEye in a report issued on Tuesday. Wedbush analyst S. Koenig now forecasts that the information security company will post earnings per share of ($1.12) for the year, down from their previous forecast of ($1.07). Wedbush has a “Neutral” rating and a $14.00 price target on the stock. Wedbush also issued estimates for FireEye’s Q4 2017 earnings at ($0.24) EPS, Q1 2018 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.22) EPS, Q4 2018 earnings at ($0.19) EPS and FY2018 earnings at ($0.93) EPS.
Other analysts also recently issued reports about the stock. BTIG Research reissued a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price on shares of FireEye in a research report on Wednesday, August 2nd. Evercore ISI set a $20.00 target price on shares of FireEye and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, The Goldman Sachs Group, Inc. reissued a “buy” rating and issued a $19.00 target price on shares of FireEye in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.22.
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Shares of FireEye (FEYE) opened at $13.76 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a 1 year low of $10.35 and a 1 year high of $18.00.
FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million during the quarter, compared to the consensus estimate of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share.
In other news, President Travis M. Reese sold 11,555 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the sale, the president now owns 508,210 shares of the company’s stock, valued at approximately $8,893,675. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. F. Codd sold 6,767 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.57, for a total transaction of $91,828.19. Following the completion of the sale, the director now directly owns 7,099 shares in the company, valued at approximately $96,333.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,767 shares of company stock worth $2,291,828. 2.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its holdings in shares of FireEye by 13.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock worth $3,705,000 after purchasing an additional 28,450 shares during the last quarter. Unterberg Capital LLC bought a new stake in shares of FireEye in the 2nd quarter worth about $4,031,000. Canada Pension Plan Investment Board grew its holdings in FireEye by 31.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock worth $1,045,000 after acquiring an additional 16,600 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in FireEye by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,845 shares of the information security company’s stock worth $8,577,000 after acquiring an additional 7,877 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in FireEye during the 2nd quarter worth about $290,000. 67.12% of the stock is currently owned by institutional investors and hedge funds.
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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