FireEye (FEYE) Updates Q4 2018 Earnings Guidance

FireEye (NASDAQ:FEYE) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.04-0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $214-218 million, compared to the consensus revenue estimate of $216.56 million.FireEye also updated its FY 2018 guidance to $0.06-0.08 EPS.

A number of research firms recently weighed in on FEYE. ValuEngine upgraded FireEye from a sell rating to a hold rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. increased their price objective on FireEye to $20.00 and gave the company a neutral rating in a report on Wednesday. Goldman Sachs Group set a $22.00 price objective on FireEye and gave the company a buy rating in a report on Thursday, October 4th. Wedbush increased their price objective on FireEye from $16.00 to $18.00 and gave the company a neutral rating in a report on Monday, October 8th. Finally, BidaskClub upgraded FireEye from a sell rating to a hold rating in a report on Saturday, September 15th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $19.78.

Shares of FEYE stock traded up $1.95 on Wednesday, reaching $18.80. 13,854,805 shares of the company were exchanged, compared to its average volume of 5,592,224. The stock has a market capitalization of $3.31 billion, a PE ratio of -17.24 and a beta of 0.39. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.03 and a quick ratio of 2.02. FireEye has a one year low of $13.40 and a one year high of $19.36.



FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, October 30th. The information security company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $211.65 million for the quarter, compared to analysts’ expectations of $208.46 million. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts anticipate that FireEye will post -0.79 earnings per share for the current fiscal year.

In other FireEye news, EVP William T. Robbins sold 6,400 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 transaction of $92,544.00. Following the transaction, the executive vice president now owns 359,444 shares of the company’s stock, valued at approximately $5,197,560.24. The transaction was disclosed in a legal filing with the SEC, which is available through 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 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 have sold a total of 55,820 shares of company stock worth $931,071 in the last three months. Insiders own 2.40% 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.

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