BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other analysts have also recently issued reports on the stock. Wedbush restated a neutral rating and set a $15.00 target price (up previously from $14.00) on shares of FireEye in a research note on Thursday, November 2nd. Evercore ISI reaffirmed a buy rating and set a $20.00 price target on shares of FireEye in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of FireEye from a hold rating to a sell rating in a research report on Tuesday, January 2nd. BMO Capital Markets lowered their price target on shares of FireEye from $17.00 to $16.00 and set a market perform rating on the stock in a research report on Thursday, November 2nd. Finally, Cowen reaffirmed a hold rating and set a $16.00 price target on shares of FireEye in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FireEye currently has a consensus rating of Buy and a consensus target price of $18.09.

FireEye (NASDAQ:FEYE) traded up $0.05 during midday trading on Wednesday, hitting $16.58. 5,167,500 shares of the stock were exchanged, compared to its average volume of 4,030,771. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3,040.00, a PE ratio of -9.63 and a beta of 0.57. FireEye has a one year low of $10.35 and a one year high of $18.00.

FireEye (NASDAQ:FEYE) last posted its earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $202.30 million during the quarter, compared to analysts’ expectations of $193.74 million. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%. FireEye’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. equities analysts anticipate that FireEye will post -0.83 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in FireEye by 1,158.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,913,038 shares of the information security company’s stock valued at $41,365,000 after buying an additional 2,681,525 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of FireEye by 9.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock valued at $45,721,000 after purchasing an additional 237,575 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of FireEye by 6.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,187,245 shares of the information security company’s stock valued at $36,680,000 after purchasing an additional 130,634 shares in the last quarter. State Street Corp boosted its stake in shares of FireEye by 1.5% in the 2nd quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock valued at $31,188,000 after purchasing an additional 30,285 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of FireEye by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,575,026 shares of the information security company’s stock valued at $22,365,000 after purchasing an additional 79,998 shares in the last quarter. 67.92% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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