Oppenheimer Holdings Inc. reissued their outperform rating on shares of FireEye Inc (NASDAQ:FEYE) in a research note issued to investors on Thursday, May 4th. The brokerage currently has a $23.00 price target on the information security company’s stock.
Other analysts also recently issued research reports about the company. Stephens reaffirmed an equal weight rating and set a $14.00 price objective (up previously from $12.00) on shares of FireEye in a research note on Wednesday, May 3rd. William Blair raised FireEye from a market perform rating to an outperform rating and dropped their price objective for the stock from $13.95 to $12.21 in a research note on Wednesday, May 3rd. Piper Jaffray Companies downgraded FireEye from an overweight rating to a neutral rating and set a $12.00 price objective on the stock. in a research note on Friday, February 3rd. JMP Securities reaffirmed a market perform rating on shares of FireEye in a research note on Wednesday, May 3rd. Finally, Wedbush dropped their price objective on FireEye from $14.00 to $11.00 and set a neutral rating on the stock in a research note on Monday, February 6th. Twenty-one investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $15.43.
FireEye (NASDAQ:FEYE) traded down 1.45% during mid-day trading on Thursday, reaching $14.94. The company’s stock had a trading volume of 4,728,159 shares. The firm has a 50 day moving average price of $13.26 and a 200-day moving average price of $12.59. The company’s market capitalization is $2.66 billion. FireEye has a 1-year low of $10.35 and a 1-year high of $18.42.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, May 2nd. The information security company reported ($0.34) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.23. The company had revenue of $173.74 million for the quarter, compared to the consensus estimate of $163.83 million. FireEye had a negative return on equity of 37.85% and a negative net margin of 67.23%. On average, equities analysts predict that FireEye will post ($0.30) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEYE. Point72 Asset Management L.P. bought a new position in FireEye during the first quarter worth $5,296,000. First Financial Equity Corporation bought a new position in FireEye during the first quarter worth $230,000. Oak Associates Ltd. OH increased its position in FireEye by 5.5% in the first quarter. Oak Associates Ltd. OH now owns 24,825 shares of the information security company’s stock worth $313,000 after buying an additional 1,285 shares in the last quarter. HighTower Advisors LLC increased its position in FireEye by 1.6% in the first quarter. HighTower Advisors LLC now owns 163,141 shares of the information security company’s stock worth $2,054,000 after buying an additional 2,571 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in FireEye during the first quarter worth $1,202,000. 59.20% of the stock is owned by hedge funds and other institutional investors.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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