Analysts Expect FireEye Inc (FEYE) Will Announce Earnings of -$0.01 Per Share

Equities research analysts predict that FireEye Inc (NASDAQ:FEYE) will announce ($0.01) earnings per share for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for FireEye’s earnings. FireEye reported earnings per share of ($0.04) in the same quarter last year, which would indicate a positive year over year growth rate of 75%. The company is expected to issue its next quarterly earnings results on Tuesday, August 7th.

On average, analysts expect that FireEye will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from $0.01 to $0.04. For the next financial year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.31. Zacks’ EPS averages are a mean average based on a survey of research firms that follow FireEye.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 analyst estimates of $193.91 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The firm’s revenue was up 7.7% compared to the same quarter last year.

Several research firms have commented on FEYE. BidaskClub upgraded shares of FireEye from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. BMO Capital Markets increased their price objective 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. Wedbush reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $16.00) on shares of FireEye in a research note on Thursday, May 3rd. Finally, Citigroup increased their price objective on shares of FireEye from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 4th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $19.30.

NASDAQ:FEYE traded down $0.05 on Thursday, hitting $17.30. The stock had a trading volume of 2,875,515 shares, compared to its average volume of 3,790,569. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -15.87 and a beta of 0.35. FireEye has a 1 year low of $13.40 and a 1 year high of $19.36.

In other news, EVP Alexa King sold 3,190 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $17.35, for a total transaction of $55,346.50. Following the completion of the transaction, the executive vice president now directly owns 450,725 shares of the company’s stock, valued at approximately $7,820,078.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC boosted its holdings in FireEye by 1,553.5% in the 1st quarter. Summit Trail Advisors LLC now owns 275,096 shares of the information security company’s stock worth $275,000 after buying an additional 258,459 shares during the period. Wesbanco Bank Inc. bought a new position in FireEye in the 1st quarter worth approximately $1,196,000. Xact Kapitalforvaltning AB boosted its holdings in FireEye by 44.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 21,434 shares of the information security company’s stock worth $363,000 after buying an additional 6,600 shares during the period. Legal & General Group Plc boosted its holdings in FireEye by 1,276.3% in the 1st quarter. Legal & General Group Plc now owns 1,177,816 shares of the information security company’s stock worth $19,940,000 after buying an additional 1,092,239 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in FireEye in the 1st quarter worth approximately $1,852,000. 65.35% of the stock is owned by institutional investors.

FireEye Company Profile

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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