FireEye (NASDAQ:FEYE) Now Covered by Goldman Sachs Group

Research analysts at Goldman Sachs Group initiated coverage on shares of FireEye (NASDAQ:FEYE) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $18.00 price target on the information security company’s stock. Goldman Sachs Group’s target price suggests a potential upside of 5.45% from the company’s current price.

A number of other analysts have also commented on FEYE. William Blair reiterated a “buy” rating on shares of FireEye in a report on Wednesday, October 9th. Mizuho set a $16.00 price target on FireEye and gave the stock a “hold” rating in a report on Wednesday, October 9th. TheStreet upgraded FireEye from a “d+” rating to a “c-” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. set a $20.00 price target on FireEye and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, SunTrust Banks assumed coverage on FireEye in a report on Wednesday, October 2nd. They set a “hold” rating and a $15.00 price target on the stock. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.42.

Shares of FEYE traded up $0.07 during mid-day trading on Tuesday, reaching $17.07. 2,132,700 shares of the company were exchanged, compared to its average volume of 3,834,258. The business has a 50 day simple moving average of $15.33 and a two-hundred day simple moving average of $14.75. The stock has a market capitalization of $3.70 billion, a PE ratio of -23.71 and a beta of 0.97. FireEye has a 52 week low of $12.66 and a 52 week high of $20.51. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.52 and a current ratio of 1.53.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, October 29th. The information security company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $225.91 million for the quarter, compared to analyst estimates of $220.09 million. FireEye had a negative return on equity of 20.06% and a negative net margin of 29.44%. FireEye’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. On average, analysts predict that FireEye will post -0.62 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of FireEye by 5.5% in the second quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock valued at $269,407,000 after buying an additional 945,885 shares during the period. First Trust Advisors LP raised its stake in shares of FireEye by 27.8% in the third quarter. First Trust Advisors LP now owns 2,238,934 shares of the information security company’s stock valued at $29,867,000 after buying an additional 486,491 shares during the period. Renaissance Technologies LLC raised its stake in shares of FireEye by 8.6% in the second quarter. Renaissance Technologies LLC now owns 2,112,600 shares of the information security company’s stock valued at $31,288,000 after buying an additional 166,800 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of FireEye by 52.6% in the second quarter. Jacobs Levy Equity Management Inc. now owns 1,510,010 shares of the information security company’s stock valued at $22,363,000 after buying an additional 520,487 shares during the period. Finally, Northern Trust Corp raised its stake in shares of FireEye by 1.1% in the second quarter. Northern Trust Corp now owns 1,115,441 shares of the information security company’s stock valued at $16,520,000 after buying an additional 12,165 shares during the period. Hedge funds and other institutional investors own 71.10% of the company’s stock.

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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