FireEye's (FEYE) Market Perform Rating Reiterated at BMO Capital Markets

Paterniano Del Favero
Agosto 9, 2017

Analysts on average have given a price target of $16.41 to FireEye, Inc. Edge Wealth Mgmt Ltd reported 0.03% of its portfolio in FireEye Inc (NASDAQ:FEYE). The institutional investor owned 193,565 shares of the information security company's stock after selling 11,583 shares during the period.

The consensus recommendation, according to Zacks Investment research, is 2.52. The Firm offers various products, such as Threat Detection and Prevention Solutions, which include network security products 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). "Nonetheless, negative operating cash flow remains a major headwind for FireEye, which may hinder the execution of its growth plans".

The company reported its EPS on 6/29/2017. Vanguard Group Inc. raised its position in shares of FireEye by 2.3% in the first quarter. Oppenheimer Holdings, Inc. reiterated an "outperform" rating and set a $23.00 price target on shares of FireEye in a report on Thursday, May 4th. (The) reissued a "buy" rating and issued a $17.00 price objective (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock's average target of $13 is -9.22% below today's ($14.32) share price.

Shares of FireEye (NASDAQ FEYE) traded down 1.74% on Tuesday, hitting $14.14. The company's stock had a trading volume of 19,089,110 shares. The company has market cap of $4.80 billion. The average revenue per share growth rate of FireEye, Inc. during the past 12 months was -2.2 percent. The company has a 50-day moving average of $15.39 and a 200-day moving average of $13.45.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.39) by $0.13. However it has a net margin of -46.40%. FEYE generated revenue of $255.27 Million in the same quarter, one year ago. On average, analysts anticipate that FireEye will post ($0.22) earnings per share for the current fiscal year. The rating was maintained by Stifel Nicolaus on Monday, July 17 with "Buy". "(NASDAQ:FEYE)" was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & global trademark and copyright legislation.

In other FireEye news, EVP Alexa King sold 69,884 shares of the business's stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the transaction, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. It turned negative, as 45 investors sold FEYE shares while 81 reduced holdings. Boston Advisors LLC acquired a new position in shares of FireEye during the second quarter valued at approximately $10,591,000. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company's stock worth $237,577,000 after buying an additional 2,859,910 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of FireEye by 32.8% in the first quarter.

Sumitomo Mitsui Asset Management Company LTD cut its position in FireEye, Inc. Company insiders own 2.40% of the company's stock. Teachers Advisors LLC increased its position in shares of FireEye by 20.1% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD owned about 1.09% of FireEye worth $29,475,000 as of its most recent filing with the SEC.

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks.

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