Zacks: Brokerages Expect FireEye Inc (NASDAQ:FEYE) Will Post Quarterly Sales of $219.52 Million

Equities research analysts predict that FireEye Inc (NASDAQ:FEYE) will announce $219.52 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for FireEye’s earnings. The highest sales estimate is $221.29 million and the lowest is $218.00 million. FireEye reported sales of $211.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, October 29th.

On average, analysts expect that FireEye will report full year sales of $871.72 million for the current fiscal year, with estimates ranging from $869.74 million to $875.00 million. For the next year, analysts anticipate that the firm will post sales of $937.90 million, with estimates ranging from $917.24 million to $950.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow FireEye.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The business had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $215.45 million. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year.

A number of research firms recently issued reports on FEYE. William Blair reaffirmed a “buy” rating on shares of FireEye in a report on Wednesday, October 9th. BidaskClub raised FireEye from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Bank of America set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Nomura started coverage on FireEye in a report on Tuesday, August 6th. They set a “buy” rating and a $16.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.72.

Shares of FireEye stock traded down $0.11 during trading on Friday, reaching $15.10. The company’s stock had a trading volume of 1,924,761 shares, compared to its average volume of 3,666,201. The stock has a 50-day moving average price of $13.89 and a two-hundred day moving average price of $14.75. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.30. FireEye has a one year low of $12.66 and a one year high of $20.61. The stock has a market capitalization of $3.24 billion, a P/E ratio of -20.97 and a beta of 0.96.

In other news, EVP William T. Robbins sold 6,316 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.29, for a total transaction of $83,939.64. Following the completion of the transaction, the executive vice president now directly owns 411,357 shares in the company, valued at approximately $5,466,934.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Frank Verdecanna sold 10,525 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $139,877.25. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of FEYE. Raymond James & Associates grew its position in shares of FireEye by 3.7% during the 1st quarter. Raymond James & Associates now owns 124,854 shares of the information security company’s stock worth $2,096,000 after buying an additional 4,504 shares during the period. First Trust Advisors LP grew its position in shares of FireEye by 114.8% during 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 during the period. Neuberger Berman Group LLC grew its position in shares of FireEye by 13.3% during the 1st quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock worth $41,788,000 after buying an additional 292,381 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of FireEye by 32.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 989,523 shares of the information security company’s stock worth $16,614,000 after buying an additional 243,190 shares during the period. Finally, Hilton Capital Management LLC acquired a new position in shares of FireEye during the 1st quarter worth about $140,000. Institutional investors own 71.27% 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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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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