Wall Street brokerages expect FireEye Inc (NASDAQ:FEYE) to post $219.49 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for FireEye’s earnings, with estimates ranging from $218.98 million to $221.30 million. FireEye posted sales of $211.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is expected to report its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that FireEye will report full year sales of $871.07 million for the current year, with estimates ranging from $869.74 million to $875.00 million. For the next financial year, analysts expect that the firm will report sales of $936.95 million, with estimates ranging from $917.24 million to $950.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover FireEye.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.16. The company had revenue of $218.00 million during the quarter, compared to the consensus estimate of $215.45 million. FireEye had a negative net margin of 28.13% and a negative return on equity of 19.56%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year.
Several equities research analysts recently weighed in on FEYE shares. Nomura started coverage on shares of FireEye in a research report on Tuesday, August 6th. They set a “buy” rating and a $16.00 price target for the company. Robert W. Baird set a $23.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Sunday, September 15th. Northland Securities reissued a “buy” rating and set a $19.00 price target on shares of FireEye in a research report on Friday. Wedbush reduced their price target on shares of FireEye from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. set a $20.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.25.
Shares of FEYE traded up $0.06 on Wednesday, hitting $14.07. 1,831,030 shares of the stock traded hands, compared to its average volume of 2,809,149. The company has a market capitalization of $3.02 billion, a PE ratio of -19.54 and a beta of 0.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 1.56. The business has a 50 day simple moving average of $13.53 and a 200 day simple moving average of $15.08. FireEye has a one year low of $12.66 and a one year high of $20.61.
In other FireEye news, EVP William T. Robbins sold 6,316 shares of FireEye stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $13.29, for a total value of $83,939.64. Following the completion of the sale, the executive vice president now owns 411,357 shares of the company’s stock, valued at approximately $5,466,934.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Frank Verdecanna sold 10,525 shares of FireEye stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $13.29, for a total transaction of $139,877.25. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake 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 acquiring an additional 1,764,847 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 945,885 shares during the last quarter. Crosslink Capital Inc. purchased a new position in shares of FireEye during the 2nd quarter worth $10,844,000. Canada Pension Plan Investment Board boosted its stake in shares of FireEye by 209.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,089,169 shares of the information security company’s stock worth $16,131,000 after acquiring an additional 737,369 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of FireEye by 190.2% during the 1st quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock worth $15,211,000 after acquiring an additional 593,765 shares during the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.
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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