Wall Street analysts predict that FireEye Inc (NASDAQ:FEYE) will post earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks. Twelve analysts have issued estimates for FireEye’s earnings. FireEye reported earnings of ($0.04) per share in the same quarter last year, which would indicate a positive year over year growth rate of 75%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, August 1st.
On average, analysts expect that FireEye will report full-year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.04. For the next fiscal year, analysts expect that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for FireEye.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $199.07 million during the quarter, compared to the consensus estimate of $193.91 million. FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS.
Several research firms have recently issued reports on FEYE. ValuEngine downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. BidaskClub upgraded FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Piper Jaffray Companies upgraded FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Monday, July 9th. UBS Group upped their price target on FireEye from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 29th. Finally, Citigroup upped their price target on FireEye from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.54.
In other FireEye news, EVP Alexa King sold 3,190 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total value of $55,346.50. Following the completion of the sale, the executive vice president now owns 450,725 shares in the company, valued at approximately $7,820,078.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin R. Mandia sold 15,701 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $16.95, for a total value of $266,131.95. Following the completion of the sale, the chief executive officer now owns 3,103,942 shares of the company’s stock, valued at approximately $52,611,816.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,824 shares of company stock valued at $337,666. 2.40% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in FEYE. California State Teachers Retirement System lifted its position in shares of FireEye by 4.1% in the 4th quarter. California State Teachers Retirement System now owns 305,125 shares of the information security company’s stock worth $4,333,000 after acquiring an additional 11,998 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of FireEye by 8.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,382 shares of the information security company’s stock worth $701,000 after acquiring an additional 3,760 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of FireEye in the 4th quarter worth approximately $211,000. Thompson Davis & CO. Inc. bought a new stake in shares of FireEye in the 1st quarter worth approximately $229,000. Finally, Rhumbline Advisers lifted its position in shares of FireEye by 4.6% in the 1st quarter. Rhumbline Advisers now owns 170,414 shares of the information security company’s stock worth $2,885,000 after acquiring an additional 7,459 shares during the period. Institutional investors own 65.39% of the company’s stock.
Shares of FEYE traded down $0.66 during trading hours on Monday, hitting $15.50. 204,569 shares of the company were exchanged, compared to its average volume of 2,244,267. The company has a market cap of $3.10 billion, a PE ratio of -14.29 and a beta of 0.36. FireEye has a 52 week low of $13.40 and a 52 week high of $19.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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