BMO Capital Markets Boosts FireEye (NASDAQ:FEYE) Price Target to $15.00

FireEye (NASDAQ:FEYE) had its target price raised by BMO Capital Markets from $12.50 to $15.00 in a report published on Wednesday, Briefing.com Automated Import reports. BMO Capital Markets currently has a market perform rating on the information security company’s stock.

Several other analysts also recently issued reports on the stock. Mizuho raised their price objective on shares of FireEye from $15.00 to $17.00 and gave the stock a neutral rating in a research note on Wednesday. Stifel Nicolaus decreased their price objective on shares of FireEye from $20.00 to $18.00 and set a buy rating for the company in a research note on Wednesday, April 29th. Barclays reaffirmed a hold rating and set a $13.00 target price on shares of FireEye in a research report on Tuesday, April 14th. TheStreet lowered shares of FireEye from a c- rating to a d+ rating in a research report on Wednesday, April 29th. Finally, BidaskClub raised shares of FireEye from a sell rating to a hold rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $16.62.

Shares of NASDAQ FEYE opened at $15.10 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.50 and a quick ratio of 1.49. FireEye has a 1 year low of $7.54 and a 1 year high of $18.34. The firm has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $12.81.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, July 28th. The information security company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.11. The business had revenue of $230.00 million during the quarter, compared to the consensus estimate of $214.77 million. FireEye had a negative net margin of 26.68% and a negative return on equity of 16.06%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. On average, sell-side analysts expect that FireEye will post -0.51 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC grew its holdings in FireEye by 34.4% in the first quarter. Clearbridge Investments LLC now owns 17,972,120 shares of the information security company’s stock worth $190,145,000 after purchasing an additional 4,599,110 shares during the last quarter. First Trust Advisors LP grew its holdings in FireEye by 77.1% in the second quarter. First Trust Advisors LP now owns 6,118,106 shares of the information security company’s stock worth $74,488,000 after purchasing an additional 2,664,100 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in FireEye by 7.2% in the first quarter. ArrowMark Colorado Holdings LLC now owns 5,993,675 shares of the information security company’s stock worth $63,413,000 after purchasing an additional 402,404 shares during the last quarter. Legal & General Group Plc grew its holdings in FireEye by 1.1% in the first quarter. Legal & General Group Plc now owns 2,595,188 shares of the information security company’s stock worth $43,568,000 after purchasing an additional 27,954 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in FireEye by 4.6% in the first quarter. Geode Capital Management LLC now owns 2,415,846 shares of the information security company’s stock worth $25,559,000 after purchasing an additional 107,120 shares during the last quarter. 73.68% of the stock is currently owned by institutional investors.

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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