FireEye (FEYE) Shares Gap Up on Analyst Upgrade
FireEye Inc (NASDAQ:FEYE) gapped up prior to trading on Monday after BMO Capital Markets raised their price target on the stock from $16.00 to $17.00. The stock had previously closed at $14.84, but opened at $15.44. BMO Capital Markets currently has a market perform rating on the stock. FireEye shares last traded at $15.44, with a volume of 21186699 shares.
Several other brokerages have also weighed in on FEYE. Cowen reissued a “hold” rating and issued a $15.00 price objective on shares of FireEye in a report on Thursday, October 12th. Northland Securities set a $22.00 price objective on FireEye and gave the stock a “buy” rating in a report on Thursday, October 12th. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a report on Sunday, October 15th. Oppenheimer decreased their price objective on FireEye from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Finally, Wedbush reissued a “neutral” rating and issued a $15.00 price objective (up previously from $14.00) on shares of FireEye in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.09.
In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of FireEye 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 transaction, the director now owns 7,099 shares of the company’s stock, valued at approximately $96,333.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by insiders.
The stock has a market capitalization of $3,050.00, a PE ratio of -9.67 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $202.30 million during the quarter, compared to the consensus estimate of $193.74 million. FireEye had a negative return on equity of 24.59% and a negative net margin of 40.43%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. research analysts predict that FireEye Inc will post -0.86 earnings per share for the current year.
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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