Investment analysts at Deutsche Bank AG began coverage on shares of FireEye Inc. (NASDAQ:FEYE) in a research note issued on Monday. The firm set a “hold” rating and a $15.00 price target on the information security company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 1.49% from the stock’s previous close.
A number of other research firms have also issued reports on FEYE. Wunderlich lowered FireEye from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.00 to $15.00 in a research note on Friday, August 5th. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Piper Jaffray Cos. reiterated a “buy” rating and set a $17.00 price objective (down from $20.00) on shares of FireEye in a research note on Friday, August 5th. Goldman Sachs Group Inc. decreased their price objective on FireEye from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price objective (down from $16.00) on shares of FireEye in a research note on Friday, August 5th. Nineteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.84.
Shares of FireEye (NASDAQ:FEYE) opened at 14.78 on Monday. The stock’s 50 day moving average price is $14.60 and its 200-day moving average price is $15.99. The firm’s market capitalization is $2.51 billion. FireEye has a 52 week low of $11.35 and a 52 week high of $33.15.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.06. FireEye had a negative return on equity of 46.11% and a negative net margin of 81.76%. The company had revenue of $175 million for the quarter, compared to analyst estimates of $181.67 million. During the same period in the previous year, the company posted ($0.41) EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts predict that FireEye will post ($1.30) earnings per share for the current year.
In other FireEye news, President Travis M. Reese sold 2,466 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total transaction of $34,992.54. Following the sale, the president now directly owns 388,841 shares in the company, valued at approximately $5,517,653.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John T. Mcgee sold 14,988 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total value of $212,829.60. Following the sale, the executive vice president now owns 155,905 shares in the company, valued at $2,213,851. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of FEYE. Vanguard Group Inc. increased its stake in shares of FireEye by 6.1% in the second quarter. Vanguard Group Inc. now owns 10,553,940 shares of the information security company’s stock valued at $173,824,000 after buying an additional 608,009 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of FireEye by 41.9% in the second quarter. Calamos Advisors LLC now owns 1,887,759 shares of the information security company’s stock valued at $31,091,000 after buying an additional 557,213 shares in the last quarter. Falcon Point Capital LLC acquired a new stake in shares of FireEye during the second quarter valued at approximately $7,733,000. Honeywell International Inc. increased its stake in shares of FireEye by 53.2% in the second quarter. Honeywell International Inc. now owns 1,074,000 shares of the information security company’s stock valued at $17,689,000 after buying an additional 373,100 shares in the last quarter. Finally, Pictet Asset Management Ltd. acquired a new stake in shares of FireEye during the second quarter valued at approximately $5,628,000. Institutional investors and hedge funds own 52.39% of the company’s stock.
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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