FireEye (FEYE) Upgraded to “Hold” at BidaskClub
FireEye (NASDAQ:FEYE) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Several other brokerages have also recently issued reports on FEYE. Oppenheimer lowered their target price on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. BMO Capital Markets lowered their target price on shares of FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. Evercore ISI restated a “buy” rating and issued a $20.00 target price on shares of FireEye in a report on Thursday, November 2nd. Wedbush restated a “neutral” rating and issued a $15.00 target price (up previously from $14.00) on shares of FireEye in a report on Thursday, November 2nd. Finally, Dougherty & Co upgraded shares of FireEye from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.09.
FireEye (NASDAQ FEYE) opened at $16.53 on Wednesday. FireEye has a twelve month low of $10.35 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. The stock has a market cap of $3,050.00, a price-to-earnings ratio of -9.67 and a beta of 0.57.
In related news, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction on Thursday, November 16th. The shares were 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 owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of FEYE. The Manufacturers Life Insurance Company raised its position in FireEye by 30.0% during the 2nd 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. Resources Investment Advisors Inc. raised its position in FireEye by 96.9% during the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after buying an additional 3,607 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in FireEye during the 3rd quarter worth $129,000. State of Alaska Department of Revenue purchased a new position in FireEye during the 4th quarter worth $146,000. Finally, K.J. Harrison & Partners Inc purchased a new position in FireEye during the 3rd quarter worth $168,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.
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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