$216.41 Million in Sales Expected for FireEye Inc (FEYE) This Quarter

Wall Street analysts expect that FireEye Inc (NASDAQ:FEYE) will announce sales of $216.41 million for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for FireEye’s earnings, with the lowest sales estimate coming in at $215.30 million and the highest estimate coming in at $217.98 million. FireEye reported sales of $202.27 million in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The company is expected to issue its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that FireEye will report full year sales of $826.73 million for the current fiscal year, with estimates ranging from $825.00 million to $829.00 million. For the next year, analysts anticipate that the company will post sales of $884.69 million, with estimates ranging from $867.00 million to $892.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover FireEye.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The company had revenue of $211.65 million during the quarter, compared to the consensus estimate of $208.46 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 7.2% on a year-over-year basis.



FEYE has been the subject of several analyst reports. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, August 8th. Goldman Sachs Group set a $22.00 price target on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday, October 4th. Piper Jaffray Companies upgraded shares of FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research report on Monday, July 9th. ValuEngine cut shares of FireEye from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, BidaskClub upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.78.

Shares of NASDAQ FEYE opened at $18.49 on Thursday. FireEye has a 1-year low of $13.40 and a 1-year high of $19.36. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -16.96 and a beta of 0.39. 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 related news, EVP William T. Robbins sold 1,409 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total transaction of $25,376.09. Following the completion of the transaction, the executive vice president now owns 324,444 shares in the company, valued at $5,843,236.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Frank Verdecanna sold 11,219 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 transaction of $162,226.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,820 shares of company stock valued at $931,071. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FEYE. Valeo Financial Advisors LLC grew its holdings in FireEye by 166.7% during the second quarter. Valeo Financial Advisors LLC now owns 8,000 shares of the information security company’s stock valued at $119,000 after purchasing an additional 5,000 shares during the period. TRUE Private Wealth Advisors acquired a new position in FireEye during the third quarter valued at approximately $122,000. Global X Management Co LLC acquired a new position in FireEye during the second quarter valued at approximately $131,000. Centaurus Financial Inc. acquired a new position in FireEye during the second quarter valued at approximately $160,000. Finally, Skylands Capital LLC acquired a new position in FireEye during the third quarter valued at approximately $170,000. Hedge funds and other institutional investors own 69.99% 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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