Wall Street brokerages predict that FireEye, Inc. (NASDAQ:FEYE) will announce earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for FireEye’s earnings, with estimates ranging from ($0.08) to ($0.06). FireEye posted earnings of ($0.18) per share in the same quarter last year, which would suggest a positive year over year growth rate of 61.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that FireEye will report full-year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.18). For the next financial year, analysts anticipate that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.12) to $0.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover FireEye.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. The business had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) earnings per share.
FEYE has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating on shares of FireEye in a research report on Wednesday, July 19th. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price objective for the company. in a research report on Thursday, June 22nd. Evercore ISI set a $20.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Tuesday, August 1st. BTIG Research restated a “buy” rating and set a $18.00 price objective (up from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.61.
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In other FireEye news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the sale, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.
Several large investors have recently modified their holdings of FEYE. Bank of Montreal Can lifted its holdings in shares of FireEye by 37.4% during the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after purchasing an additional 2,147 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of FireEye by 54.8% during the first quarter. Russell Investments Group Ltd. now owns 645,139 shares of the information security company’s stock worth $8,134,000 after purchasing an additional 228,362 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of FireEye by 108.4% during the first quarter. Canada Pension Plan Investment Board now owns 52,100 shares of the information security company’s stock worth $657,000 after purchasing an additional 27,100 shares during the period. First Trust Advisors LP lifted its holdings in shares of FireEye by 72.6% during the first quarter. First Trust Advisors LP now owns 607,445 shares of the information security company’s stock worth $7,660,000 after purchasing an additional 255,548 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of FireEye by 271.0% during the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after purchasing an additional 7,788 shares during the period. Institutional investors own 67.59% of the company’s stock.
FireEye (NASDAQ FEYE) opened at 17.14 on Wednesday. FireEye has a 52 week low of $10.35 and a 52 week high of $17.51. The company’s 50-day moving average price is $14.96 and its 200 day moving average price is $14.18. The company’s market capitalization is $3.12 billion.
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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