FireEye (FEYE) Stock Rating Lowered by ValuEngine


ValuEngine lowered shares of FireEye (NASDAQ:FEYE) from a hold rating to a sell rating in a research report report published on Monday.

A number of other research firms have also recently weighed in on FEYE. BMO Capital Markets lifted their target price on shares of FireEye from $17.00 to $18.00 and gave the company a market perform rating in a research note on Thursday, May 3rd. JPMorgan Chase lifted their target price on shares of FireEye to $20.00 and gave the company a neutral rating in a research note on Thursday, May 3rd. Zacks Investment Research cut shares of FireEye from a buy rating to a hold rating in a research note on Wednesday, April 11th. BidaskClub cut shares of FireEye from a buy rating to a hold rating in a research note on Saturday, April 28th. Finally, Deutsche Bank lifted their target price on shares of FireEye from $16.00 to $18.00 and gave the company a hold rating in a research note on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $19.16.


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Shares of FireEye traded up $0.12, reaching $17.72, during trading hours on Monday, according to MarketBeat. 29,102 shares of the stock traded hands, compared to its average volume of 3,849,056. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71. FireEye has a 52-week low of $17.09 and a 52-week high of $17.79. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -16.23 and a beta of 0.37.

FireEye (NASDAQ:FEYE) last released its earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share 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 company had revenue of $199.07 million for the quarter, compared to analysts’ expectations of $193.91 million. During the same quarter in the previous year, the company earned ($0.05) EPS. FireEye’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts predict that FireEye will post -0.81 earnings per share for the current year.


In other news, President Travis M. Reese sold 100,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the sale, the president now directly owns 810,829 shares in the company, valued at approximately $14,189,507.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexa King sold 108,565 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.31, for a total transaction of $1,770,695.15. Following the sale, the executive vice president now owns 514,800 shares in the company, valued at $8,396,388. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.


Several hedge funds and other institutional investors have recently made changes to their positions in FEYE. Creative Planning raised its position in shares of FireEye by 35.1% during the 4th quarter. Creative Planning now owns 336,954 shares of the information security company’s stock valued at $4,785,000 after buying an additional 87,561 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in FireEye by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 513,466 shares of the information security company’s stock valued at $7,292,000 after purchasing an additional 24,201 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in FireEye by 44.6% during the 4th quarter. Fox Run Management L.L.C. now owns 67,650 shares of the information security company’s stock valued at $961,000 after purchasing an additional 20,850 shares during the last quarter. State of Alaska Department of Revenue bought a new position in FireEye during the 4th quarter valued at about $146,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in FireEye by 5,600.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,825 shares of the information security company’s stock valued at $182,000 after purchasing an additional 12,600 shares during the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.


About FireEye

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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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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