The FireEye Inc. (FEYE) Receives New Coverage from Analysts at Standpoint Research

The FireEye Inc. (FEYE) Receives New Coverage from Analysts at Standpoint Research

Standpoint Research began coverage on shares of FireEye Inc. (NASDAQ:FEYE) in a report issued on Friday morning. The brokerage issued a buy rating and a $18.00 target price on the information security company’s stock.

A number of other equities analysts also recently weighed in on the company. Goldman Sachs Group Inc. downgraded FireEye from a neutral rating to a sell rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Tuesday, November 22nd. Wells Fargo & Company restated a market perform rating on shares of FireEye in a report on Monday, September 26th. Zacks Investment Research upgraded FireEye from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Tuesday, September 20th. Raymond James Financial Inc. restated a market perform rating on shares of FireEye in a report on Monday, November 7th. Finally, Imperial Capital restated an in-line rating and set a $15.00 price objective on shares of FireEye in a report on Friday, November 11th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company. FireEye currently has an average rating of Hold and an average target price of $18.52.

Shares of FireEye (NASDAQ:FEYE) opened at 13.06 on Friday. The company’s 50-day moving average price is $12.84 and its 200-day moving average price is $14.05. FireEye has a 12-month low of $10.87 and a 12-month high of $19.63. The firm’s market capitalization is $2.23 billion.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Thursday, November 3rd. The information security company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.13. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $42.65 million. FireEye had a negative return on equity of 44.91% and a negative net margin of 77.67%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.37) earnings per share. Analysts anticipate that FireEye will post ($1.13) EPS for the current year.

In other news, EVP William T. Robbins sold 54,786 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $11.64, for a total transaction of $637,709.04. Following the transaction, the executive vice president now owns 270,214 shares of the company’s stock, valued at approximately $3,145,290.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David G. Dewalt sold 151,644 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $11.64, for a total transaction of $1,765,136.16. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC bought a new position in FireEye during the third quarter worth about $207,000. D.A. Davidson & CO. boosted its position in shares of FireEye by 3.3% in the third quarter. D.A. Davidson & CO. now owns 56,424 shares of the information security company’s stock valued at $829,000 after buying an additional 1,805 shares during the last quarter. LPL Financial LLC acquired a new position in shares of FireEye during the third quarter valued at $512,000. Salem Investment Counselors Inc. acquired a new position in shares of FireEye during the third quarter valued at $138,000. Finally, Verition Fund Management LLC boosted its position in shares of FireEye by 68.3% in the third quarter. Verition Fund Management LLC now owns 20,700 shares of the information security company’s stock valued at $305,000 after buying an additional 8,400 shares during the last quarter. 57.50% of the stock is currently owned by institutional investors.

FireEye Company Profile

FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.

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