Brokerages Set FireEye Inc (FEYE) PT at $19.31
FireEye Inc (NASDAQ:FEYE) has received a consensus recommendation of “Buy” from the twenty-seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.56.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of FireEye to $20.00 and gave the company a “neutral” rating in a report on Thursday, May 3rd. BMO Capital Markets increased their price objective on shares of FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, May 3rd. ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, BidaskClub downgraded FireEye from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th.
In other news, EVP Alexa King sold 3,190 shares of FireEye stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total transaction of $55,346.50. Following the completion of the sale, the executive vice president now directly owns 450,725 shares in the company, valued at $7,820,078.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin R. Mandia sold 15,701 shares of FireEye stock in a transaction on Monday, June 18th. The stock was sold at an average price of $16.95, for a total value of $266,131.95. Following the sale, the chief executive officer now owns 3,103,942 shares of the company’s stock, valued at $52,611,816.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,824 shares of company stock valued at $337,666. 2.40% of the stock is owned by corporate insiders.
FEYE traded up $0.14 during trading on Friday, reaching $16.90. 2,370,143 shares of the company traded hands, compared to its average volume of 3,765,628. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.71 and a quick ratio of 1.70. FireEye has a 12-month low of $13.40 and a 12-month high of $19.36. The firm has a market cap of $3.16 billion, a P/E ratio of -15.42 and a beta of 0.36.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). FireEye had a negative net margin of 37.68% and a negative return on equity of 25.25%. The business had revenue of $199.07 million during the quarter, compared to analyst estimates of $193.91 million. During the same period last year, the firm posted ($0.05) EPS. The company’s revenue was up 7.7% on a year-over-year basis. sell-side analysts anticipate that FireEye will post -0.81 earnings per share for the current year.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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