Oppenheimer Comments on FireEye Inc’s Q2 2019 Earnings (FEYE)

FireEye Inc (NASDAQ:FEYE) – Analysts at Oppenheimer decreased their Q2 2019 earnings per share estimates for FireEye in a report issued on Wednesday, May 1st, Zacks Investment Research reports. Oppenheimer analyst S. Eyal now forecasts that the information security company will earn ($0.17) per share for the quarter, down from their previous forecast of ($0.13). Oppenheimer also issued estimates for FireEye’s Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.08) EPS, FY2020 earnings at ($0.41) EPS and FY2021 earnings at ($0.34) EPS.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The firm had revenue of $210.54 million for the quarter, compared to the consensus estimate of $210.22 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS.

A number of other brokerages have also weighed in on FEYE. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BTIG Research lowered FireEye from a “buy” rating to a “neutral” rating and set a $16.30 price objective on the stock. in a research report on Thursday, February 7th. BidaskClub lowered FireEye from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Wedbush reaffirmed a “neutral” rating and set a $18.00 target price on shares of FireEye in a report on Wednesday, May 1st. Finally, Mizuho assumed coverage on FireEye in a report on Tuesday, March 26th. They set a “neutral” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.64.

FEYE stock traded up $0.29 during midday trading on Monday, reaching $15.10. 5,482,436 shares of the stock were exchanged, compared to its average volume of 3,918,704. The firm has a market capitalization of $2.89 billion, a P/E ratio of -20.97 and a beta of 0.91. FireEye has a 52 week low of $13.85 and a 52 week high of $20.61. The company has a quick ratio of 1.99, a current ratio of 2.00 and a debt-to-equity ratio of 1.69.

In other FireEye news, EVP Alexa King sold 3,156 shares of FireEye stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the transaction, the executive vice president now directly owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in FEYE. Two Sigma Investments LP acquired a new position in shares of FireEye in the 4th quarter valued at about $54,563,000. Norges Bank acquired a new position in shares of FireEye in the 4th quarter valued at about $40,018,000. First Trust Advisors LP lifted its stake in shares of FireEye by 114.8% in the 1st quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock valued at $55,438,000 after purchasing an additional 1,764,847 shares during the period. Two Sigma Advisers LP acquired a new position in shares of FireEye in the 4th quarter valued at about $22,171,000. Finally, Natixis lifted its stake in shares of FireEye by 572.0% in the 1st quarter. Natixis now owns 1,570,466 shares of the information security company’s stock valued at $25,976,000 after purchasing an additional 1,336,764 shares during the period. 79.81% 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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Earnings History and Estimates for FireEye (NASDAQ:FEYE)

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