$208.32 Million in Sales Expected for FireEye Inc (FEYE) This Quarter

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Wall Street analysts expect that FireEye Inc (NASDAQ:FEYE) will post sales of $208.32 million for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for FireEye’s earnings, with estimates ranging from $207.97 million to $209.40 million. FireEye posted sales of $189.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The business is expected to announce its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that FireEye will report full year sales of $826.48 million for the current financial year, with estimates ranging from $825.00 million to $828.50 million. For the next financial year, analysts forecast that the company will post sales of $884.53 million, with estimates ranging from $867.00 million to $892.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow FireEye.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. The business had revenue of $203.00 million during the quarter, compared to the consensus estimate of $201.54 million. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS.

FEYE has been the subject of a number of recent research reports. ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. BidaskClub upgraded FireEye from a “sell” rating to a “hold” rating in a research note on Saturday, September 15th. Piper Jaffray Companies upgraded FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Monday, July 9th. Evercore ISI restated a “buy” rating and set a $22.00 price target on shares of FireEye in a research note on Thursday, August 23rd. Finally, Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.59.

In related news, CFO Frank Verdecanna sold 11,219 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $162,226.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William T. Robbins sold 6,400 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $92,544.00. Following the transaction, the executive vice president now owns 359,444 shares of the company’s stock, valued at $5,197,560.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,820 shares of company stock valued at $301,057. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FEYE. Renaissance Technologies LLC boosted its stake in FireEye by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock worth $33,711,000 after purchasing an additional 368,666 shares during the period. Natixis boosted its stake in FireEye by 39.9% in the 2nd quarter. Natixis now owns 164,058 shares of the information security company’s stock worth $2,525,000 after purchasing an additional 46,768 shares during the period. Millennium Management LLC boosted its stake in FireEye by 125.8% in the 2nd quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock worth $23,230,000 after purchasing an additional 841,080 shares during the period. P.A.W. Capital Corp boosted its stake in FireEye by 19.0% in the 2nd quarter. P.A.W. Capital Corp now owns 250,000 shares of the information security company’s stock worth $3,848,000 after purchasing an additional 40,000 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in FireEye by 166.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock worth $119,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 69.92% of the company’s stock.

Shares of FireEye stock traded up $0.50 during trading hours on Monday, reaching $16.68. 4,704,378 shares of the stock traded hands, compared to its average volume of 3,865,708. The company has a market cap of $3.32 billion, a P/E ratio of -15.30 and a beta of 0.38. FireEye has a one year low of $13.40 and a one year high of $19.36. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42.

About FireEye

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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