FireEye (NASDAQ:FEYE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday, BidAskClub reports.

Several other research analysts have also recently weighed in on FEYE. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, January 24th. BTIG Research cut shares of FireEye from a “buy” rating to a “neutral” rating and set a $16.30 price target on the stock. in a research note on Thursday, February 7th. Wedbush dropped their price target on shares of FireEye from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, February 8th. JPMorgan Chase & Co. upgraded shares of FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, March 11th. Finally, Mizuho started coverage on shares of FireEye in a research note on Tuesday, March 26th. They set a “neutral” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.45.

Shares of FireEye stock opened at $14.66 on Wednesday. The firm has a market cap of $2.97 billion, a PE ratio of -20.36 and a beta of 0.91. FireEye has a 1-year low of $14.20 and a 1-year high of $20.61. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 2.00.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). The business had revenue of $210.54 million for the quarter, compared to analysts’ expectations of $210.22 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, equities analysts expect that FireEye will post -0.54 EPS for the current fiscal year.

In related news, EVP Alexa King sold 3,156 shares of FireEye stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.37, for a total transaction of $48,507.72. Following the transaction, the executive vice president now owns 505,060 shares in the company, valued at approximately $7,762,772.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC lifted its stake in shares of FireEye by 5.4% during the 1st quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock valued at $268,000 after buying an additional 818 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of FireEye during the 1st quarter valued at $4,503,000. BlueMountain Capital Management LLC lifted its stake in shares of FireEye by 149.3% during the 1st quarter. BlueMountain Capital Management LLC now owns 98,476 shares of the information security company’s stock valued at $1,653,000 after buying an additional 58,977 shares in the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of FireEye during the 1st quarter valued at $698,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of FireEye by 1.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,897 shares of the information security company’s stock valued at $771,000 after buying an additional 771 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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