FireEye (NASDAQ:FEYE) PT Raised to $18.00

FireEye (NASDAQ:FEYE) had its price objective lifted by JPMorgan Chase & Co. from $15.00 to $18.00 in a report released on Wednesday morning, The Fly reports. They currently have an overweight rating on the information security company’s stock.

Several other analysts also recently weighed in on the stock. TheStreet downgraded shares of FireEye from a c- rating to a d+ rating in a research report on Wednesday, April 29th. Mizuho upped their price target on shares of FireEye from $15.00 to $17.00 and gave the company a neutral rating in a research report on Wednesday. SunTrust Banks reiterated a buy rating and issued a $15.00 price target on shares of FireEye in a research report on Wednesday, April 29th. BMO Capital Markets upped their price target on shares of FireEye from $12.50 to $15.00 and gave the company a market perform rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of FireEye from a hold rating to a buy rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $16.62.

Shares of NASDAQ:FEYE opened at $15.10 on Wednesday. The company has a market capitalization of $3.36 billion, a PE ratio of -13.36 and a beta of 1.06. The company has a current ratio of 1.50, a quick ratio of 1.49 and a debt-to-equity ratio of 1.49. FireEye has a twelve month low of $7.54 and a twelve month high of $18.34. The firm has a 50 day simple moving average of $12.64 and a 200-day simple moving average of $12.81.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, July 28th. The information security company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business had revenue of $230.00 million during the quarter, compared to the consensus estimate of $214.77 million. FireEye had a negative net margin of 26.68% and a negative return on equity of 16.06%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. As a group, equities research analysts predict that FireEye will post -0.51 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC grew its stake in shares of FireEye by 34.4% during the 1st quarter. Clearbridge Investments LLC now owns 17,972,120 shares of the information security company’s stock worth $190,145,000 after purchasing an additional 4,599,110 shares during the period. First Trust Advisors LP grew its stake in shares of FireEye by 77.1% during the 2nd quarter. First Trust Advisors LP now owns 6,118,106 shares of the information security company’s stock worth $74,488,000 after purchasing an additional 2,664,100 shares during the period. Norges Bank acquired a new position in shares of FireEye during the 4th quarter worth $20,084,000. Canada Pension Plan Investment Board acquired a new position in shares of FireEye during the 1st quarter worth $4,440,000. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of FireEye by 7.2% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 5,993,675 shares of the information security company’s stock worth $63,413,000 after purchasing an additional 402,404 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.

Featured Story: Fiduciary

The Fly

Analyst Recommendations for FireEye (NASDAQ:FEYE)

Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.