FireEye (NASDAQ:FEYE) PT Raised to $15.50 at Bank of America

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FireEye (NASDAQ:FEYE) had its price objective increased by Bank of America from $14.00 to $15.50 in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. Bank of America currently has a neutral rating on the information security company’s stock.

Other analysts also recently issued reports about the company. BMO Capital Markets raised their price objective on FireEye from $12.50 to $15.00 and gave the stock a market perform rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on FireEye from $15.00 to $18.00 and gave the stock an overweight rating in a research report on Wednesday. Morgan Stanley raised their target price on FireEye from $13.00 to $14.00 and gave the company an equal weight rating in a report on Wednesday. Barclays raised their target price on FireEye from $12.00 to $17.00 and gave the company an equal weight rating in a report on Wednesday. Finally, ValuEngine upgraded FireEye from a hold rating to a buy rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $16.62.

Shares of FEYE opened at $15.10 on Wednesday. FireEye has a 52-week low of $7.54 and a 52-week high of $18.34. The stock has a fifty day simple moving average of $12.64 and a two-hundred day simple moving average of $12.81. The company has a quick ratio of 1.49, a current ratio of 1.50 and a debt-to-equity ratio of 1.49.

FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, July 28th. The information security company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. FireEye had a negative return on equity of 16.06% and a negative net margin of 26.68%. The business had revenue of $230.00 million during the quarter, compared to the consensus estimate of $214.77 million. During the same period last year, the company earned ($0.01) EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that FireEye will post -0.51 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC lifted its stake in FireEye by 34.4% during the first quarter. Clearbridge Investments LLC now owns 17,972,120 shares of the information security company’s stock worth $190,145,000 after purchasing an additional 4,599,110 shares during the last quarter. First Trust Advisors LP lifted its stake in FireEye by 77.1% during the second quarter. First Trust Advisors LP now owns 6,118,106 shares of the information security company’s stock worth $74,488,000 after purchasing an additional 2,664,100 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in FireEye by 7.2% during the first quarter. ArrowMark Colorado Holdings LLC now owns 5,993,675 shares of the information security company’s stock worth $63,413,000 after purchasing an additional 402,404 shares during the last quarter. Legal & General Group Plc lifted its stake in FireEye by 1.1% during the first quarter. Legal & General Group Plc now owns 2,595,188 shares of the information security company’s stock worth $43,568,000 after purchasing an additional 27,954 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in FireEye by 4.6% during the first quarter. Geode Capital Management LLC now owns 2,415,846 shares of the information security company’s stock worth $25,559,000 after purchasing an additional 107,120 shares during the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.

About FireEye

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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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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