FireEye (FEYE) Downgraded by BidaskClub to “Sell”

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FireEye (NASDAQ:FEYE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other analysts have also issued research reports about the company. ValuEngine raised FireEye from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Wedbush reissued a “neutral” rating and set a $15.00 price objective (down previously from $16.00) on shares of FireEye in a report on Thursday, May 3rd. BMO Capital Markets lifted their price objective on FireEye from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, May 3rd. Citigroup lifted their price objective on FireEye from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, May 4th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $20.00 price target on shares of FireEye in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.30.

Shares of NASDAQ:FEYE opened at $15.70 on Wednesday. FireEye has a 1-year low of $13.40 and a 1-year high of $19.36. The company has a market cap of $3.14 billion, a PE ratio of -14.40 and a beta of 0.35. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 1.27.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The company had revenue of $199.07 million for the quarter, compared to analyst estimates of $193.91 million. During the same quarter last year, the firm earned ($0.05) EPS. FireEye’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts expect that FireEye will post -0.81 EPS for the current year.

In other FireEye news, EVP Alexa King sold 3,190 shares of FireEye stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total value of $55,346.50. Following the completion of the transaction, the executive vice president now owns 450,725 shares in the company, valued at approximately $7,820,078.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin R. Mandia sold 15,701 shares of FireEye stock in a transaction on Monday, June 18th. The shares were sold at an average price of $16.95, for a total value of $266,131.95. Following the completion of the transaction, the chief executive officer now owns 3,103,942 shares of the company’s stock, valued at approximately $52,611,816.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,824 shares of company stock valued at $337,666. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. raised its position in FireEye by 56.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after purchasing an additional 2,830 shares during the last quarter. Denver Investment Advisors LLC raised its position in FireEye by 7.6% in the 1st quarter. Denver Investment Advisors LLC now owns 43,023 shares of the information security company’s stock valued at $728,000 after purchasing an additional 3,025 shares during the last quarter. Amalgamated Bank raised its position in FireEye by 10.0% in the 4th quarter. Amalgamated Bank now owns 34,853 shares of the information security company’s stock valued at $495,000 after purchasing an additional 3,179 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in FireEye by 8.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,382 shares of the information security company’s stock valued at $701,000 after purchasing an additional 3,760 shares during the last quarter. Finally, FDx Advisors Inc. raised its position in FireEye by 16.7% in the 4th quarter. FDx Advisors Inc. now owns 28,097 shares of the information security company’s stock valued at $399,000 after purchasing an additional 4,011 shares during the last quarter. Hedge funds and other institutional investors own 65.16% of the company’s stock.

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.

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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