FireEye (FEYE) Downgraded by BidaskClub

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FireEye (NASDAQ:FEYE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

Several other brokerages have also recently issued reports on FEYE. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BTIG Research cut shares of FireEye from a “buy” rating to a “neutral” rating and set a $16.30 price objective on the stock. in a research note on Thursday, February 7th. Wedbush reissued a “neutral” rating and issued a $18.00 price objective on shares of FireEye in a research note on Wednesday, May 1st. Finally, Mizuho assumed coverage on shares of FireEye in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. FireEye currently has a consensus rating of “Hold” and an average price target of $19.45.

Shares of FEYE opened at $14.28 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 2.00. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -19.83 and a beta of 0.91. FireEye has a 1 year low of $13.98 and a 1 year high of $20.61.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, April 30th. The information security company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The firm had revenue of $210.54 million during the quarter, compared to analyst estimates of $210.22 million. FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. As a group, equities research analysts expect that FireEye will post -0.54 EPS for the current year.

In other FireEye news, EVP Alexa King sold 3,156 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.37, for a total transaction of $48,507.72. Following the sale, the executive vice president now directly owns 505,060 shares in the company, valued at approximately $7,762,772.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC boosted its position in shares of FireEye by 15.4% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 3,735,271 shares of the information security company’s stock worth $62,715,000 after purchasing an additional 498,682 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of FireEye during the 4th quarter worth $54,563,000. ETF Managers Group LLC boosted its position in shares of FireEye by 14.6% in the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock worth $56,228,000 after buying an additional 426,289 shares in the last quarter. First Trust Advisors LP boosted its position in shares of FireEye by 114.8% in the 1st quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock worth $55,438,000 after buying an additional 1,764,847 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of FireEye by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,226,328 shares of the information security company’s stock worth $52,299,000 after buying an additional 14,285 shares in the last quarter. Institutional investors own 78.84% of the company’s stock.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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