FireEye (NASDAQ:FEYE) PT Raised to $15.00

FireEye (NASDAQ:FEYE) had its price objective boosted by Piper Sandler from $12.00 to $15.00 in a research report released on Wednesday, BenzingaRatingsTable reports. Piper Sandler currently has a neutral rating on the information security company’s stock.

FEYE has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of FireEye from $15.00 to $18.00 and gave the stock an overweight rating in a research note on Wednesday. BMO Capital Markets raised their price target on shares of FireEye from $12.50 to $15.00 and gave the stock a market perform rating in a research report on Wednesday. SunTrust Banks reaffirmed a buy rating and issued a $15.00 price objective on shares of FireEye in a report on Wednesday, April 29th. BidaskClub upgraded shares of FireEye from a sell rating to a hold rating in a research note on Thursday, July 23rd. Finally, Wedbush boosted their target price on shares of FireEye from $12.00 to $15.00 and gave the company a neutral rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $16.62.

Shares of NASDAQ FEYE opened at $15.10 on Wednesday. FireEye has a fifty-two week low of $7.54 and a fifty-two week high of $18.34. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.49 and a current ratio of 1.50. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -13.36 and a beta of 1.06. The business’s 50 day moving average price is $12.64 and its 200-day moving average price is $12.81.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in shares of FireEye in the 1st quarter worth $39,000. Altshuler Shaham Ltd purchased a new stake in shares of FireEye during the 1st quarter valued at $47,000. Valeo Financial Advisors LLC acquired a new stake in shares of FireEye during the 1st quarter worth $53,000. Verus Capital Partners LLC purchased a new position in shares of FireEye in the 4th quarter worth $93,000. Finally, Jacobi Capital Management LLC raised its position in shares of FireEye by 11.9% in the 1st quarter. Jacobi Capital Management LLC now owns 8,391 shares of the information security company’s stock worth $89,000 after buying an additional 891 shares during the period. 73.68% of the stock is currently owned by institutional investors.

FireEye Company Profile

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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