BidaskClub Upgrades FireEye (NASDAQ:FEYE) to Hold

BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a sell rating to a hold rating in a report issued on Saturday morning, BidAskClub reports.

Several other research analysts have also weighed in on the stock. TheStreet upgraded shares of FireEye from a d+ rating to a c- rating in a research note on Tuesday, October 29th. Piper Jaffray Companies restated a neutral rating and set a $19.00 price objective on shares of FireEye in a research note on Tuesday, December 10th. Robert W. Baird set a $23.00 price objective on shares of FireEye and gave the stock a buy rating in a research note on Wednesday, October 9th. SunTrust Banks upgraded shares of FireEye from a hold rating to a buy rating and boosted their price objective for the stock from $19.00 to $22.00 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. set a $20.00 price objective on shares of FireEye and gave the stock a buy rating in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $18.75.

FireEye stock opened at $17.29 on Friday. The firm has a market capitalization of $3.67 billion, a PE ratio of -24.01 and a beta of 1.01. The company’s 50-day moving average is $16.66 and its 200-day moving average is $15.27. FireEye has a fifty-two week low of $12.66 and a fifty-two week high of $18.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.53 and a quick ratio of 1.52.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, October 29th. The information security company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $225.91 million for the quarter, compared to analyst estimates of $220.09 million. FireEye had a negative net margin of 29.44% and a negative return on equity of 20.06%. FireEye’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. As a group, analysts expect that FireEye will post -0.62 EPS for the current year.

In other FireEye news, EVP William T. Robbins sold 60,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $18.04, for a total transaction of $1,082,400.00. Following the transaction, the executive vice president now owns 345,101 shares in the company, valued at approximately $6,225,622.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William T. Robbins sold 6,256 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $16.93, for a total transaction of $105,914.08. Following the transaction, the executive vice president now owns 405,101 shares in the company, valued at approximately $6,858,359.93. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FEYE. Vanguard Group Inc. grew its position in shares of FireEye by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock worth $269,407,000 after purchasing an additional 945,885 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of FireEye during the 2nd quarter worth approximately $8,676,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of FireEye by 52.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 1,510,010 shares of the information security company’s stock worth $22,363,000 after acquiring an additional 520,487 shares during the period. First Trust Advisors LP lifted its holdings in shares of FireEye by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 2,238,934 shares of the information security company’s stock worth $29,867,000 after acquiring an additional 486,491 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of FireEye by 983.9% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 346,575 shares of the information security company’s stock worth $4,623,000 after acquiring an additional 314,600 shares during the period. Hedge funds and other institutional investors own 76.43% 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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