FireEye (FEYE) Downgraded by BidaskClub

BidaskClub cut shares of FireEye (NASDAQ:FEYE) from a buy rating to a hold rating in a research report released on Wednesday morning.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded FireEye from a hold rating to a sell rating in a report on Tuesday, January 2nd. Barclays lifted their price objective on FireEye from $16.00 to $17.00 and gave the stock an equal weight rating in a report on Friday, February 9th. UBS upgraded FireEye from a neutral rating to a positive rating in a report on Friday, February 9th. First Analysis upgraded FireEye from an equal weight rating to an overweight rating and set a $20.00 price objective on the stock in a report on Friday, March 2nd. Finally, Stephens reiterated a buy rating and issued a $23.00 price objective on shares of FireEye in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $18.17.

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FEYE stock opened at $16.92 on Wednesday. The company has a market capitalization of $3,268.28, a PE ratio of -9.89 and a beta of 0.42. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.05. FireEye has a twelve month low of $11.82 and a twelve month high of $18.84.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $202.30 million for the quarter, compared to the consensus estimate of $193.74 million. FireEye had a negative return on equity of 24.93% and a negative net margin of 40.43%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. research analysts expect that FireEye will post -0.83 EPS for the current year.

In other FireEye news, CFO Frank Verdecanna sold 33,878 shares of FireEye stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $548,823.60. Following the sale, the chief financial officer now directly owns 383,057 shares of the company’s stock, valued at approximately $6,205,523.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin R. Mandia sold 113,130 shares of FireEye stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $16.20, for a total value of $1,832,706.00. Following the sale, the chief executive officer now directly owns 3,119,643 shares in the company, valued at $50,538,216.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 478,215 shares of company stock worth $7,889,025. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FEYE. The Manufacturers Life Insurance Company boosted its position in FireEye by 30.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after acquiring an additional 1,528 shares in the last quarter. Resources Investment Advisors Inc. boosted its position in FireEye by 96.9% during the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock valued at $104,000 after acquiring an additional 3,607 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in FireEye during the 3rd quarter valued at approximately $129,000. State of Alaska Department of Revenue bought a new stake in FireEye during the 4th quarter valued at approximately $146,000. Finally, Prudential Financial Inc. bought a new stake in FireEye during the 3rd quarter valued at approximately $168,000. 65.23% of the stock is currently owned by institutional investors and hedge funds.

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FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) 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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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