FireEye, Inc. (NASDAQ:FEYE) issued its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13, Morningstar.com reports. The company had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.33) earnings per share. FireEye updated its Q3 guidance to ($0.09)-($0.06) EPS and its FY17 guidance to ($0.24)-($0.19) EPS.
FireEye (NASDAQ:FEYE) traded down 0.07% during midday trading on Friday, reaching $13.98. 3,931,798 shares of the company traded hands. The company’s market capitalization is $2.55 billion. FireEye has a one year low of $10.35 and a one year high of $16.40. The stock’s 50 day moving average is $14.96 and its 200 day moving average is $13.56.
In other FireEye news, EVP Alexa King sold 69,884 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares in the company, valued at $6,199,479.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Shapiro Capital Management LLC increased its position in FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after buying an additional 2,859,910 shares during the period. Vanguard Group Inc. increased its position in FireEye by 7.9% in the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after buying an additional 917,967 shares during the period. Pinnacle Associates Ltd. increased its position in FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after buying an additional 1,548,425 shares during the period. Penserra Capital Management LLC increased its position in FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after buying an additional 456,661 shares during the period. Finally, Balyasny Asset Management LLC increased its position in FireEye by 213.3% in the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock worth $44,144,000 after buying an additional 1,975,924 shares during the period. Institutional investors and hedge funds own 64.30% of the company’s stock.
A number of equities analysts recently commented on FEYE shares. Barclays PLC reaffirmed an “equal weight” rating and set a $14.00 price target (up from $10.00) on shares of FireEye in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $17.00 price target (up from $15.00) on shares of FireEye in a research report on Wednesday, May 3rd. BidaskClub lowered shares of FireEye from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Wedbush raised their price target on shares of FireEye from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 3rd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $16.00 price target (up from $14.00) on shares of FireEye in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. FireEye presently has a consensus rating of “Hold” and a consensus price target of $15.97.
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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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