Zacks: Brokerages Anticipate FireEye Inc (FEYE) Will Announce Quarterly Sales of $208.32 Million

Equities analysts expect FireEye Inc (NASDAQ:FEYE) to post sales of $208.32 million for the current quarter, Zacks reports. Eleven analysts have provided estimates for FireEye’s earnings. The lowest sales estimate is $207.97 million and the highest is $209.40 million. FireEye reported sales of $189.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The business is expected to report 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 year, analysts anticipate that the business will report sales of $884.53 million, with estimates ranging from $867.00 million to $892.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow FireEye.

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



Several analysts recently weighed in on FEYE shares. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, August 8th. BidaskClub downgraded shares of FireEye from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Piper Jaffray Companies upgraded shares of FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Monday, July 9th. ValuEngine upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, BMO Capital Markets cut their price objective on shares of FireEye from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.59.

NASDAQ:FEYE traded up $0.25 during mid-day trading on Monday, hitting $16.93. The stock had a trading volume of 4,969,000 shares, compared to its average volume of 3,871,255. The company has a market cap of $3.32 billion, a PE ratio of -15.53 and a beta of 0.38. FireEye has a 52 week low of $13.40 and a 52 week 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.

In other news, CFO Frank Verdecanna sold 11,219 shares of FireEye 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 $162,226.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Travis M. Reese sold 3,201 shares of FireEye 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 $46,286.46. Following the completion of the transaction, the president now directly owns 715,060 shares in the company, valued at approximately $10,339,767.60. The disclosure for this sale can be found here. Insiders sold a total of 20,820 shares of company stock worth $301,057 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Zweig DiMenna Associates LLC acquired a new position in shares of FireEye in the 3rd quarter worth approximately $3,230,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of FireEye by 4.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,421,230 shares of the information security company’s stock worth $41,160,000 after purchasing an additional 100,995 shares during the last quarter. Bank of Montreal Can grew its stake in shares of FireEye by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 609,428 shares of the information security company’s stock worth $10,359,000 after purchasing an additional 4,751 shares during the last quarter. Grassi Investment Management acquired a new position in shares of FireEye in the 3rd quarter worth approximately $297,000. Finally, United Services Automobile Association grew its stake in shares of FireEye by 12.5% in the 2nd quarter. United Services Automobile Association now owns 29,722 shares of the information security company’s stock worth $457,000 after purchasing an additional 3,309 shares during the last quarter. 69.92% of the stock is currently 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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