FireEye (NASDAQ:FEYE) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

FireEye (NASDAQ:FEYE) announced its quarterly earnings data on Tuesday. The information security company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.16, MarketWatch Earnings reports. FireEye had a negative return on equity of 16.21% and a negative net margin of 26.68%.

NASDAQ:FEYE opened at $14.13 on Thursday. The business’s 50-day moving average price is $13.19 and its 200 day moving average price is $12.88. The firm has a market cap of $3.19 billion, a P/E ratio of -12.50 and a beta of 1.08. FireEye has a 52-week low of $7.54 and a 52-week high of $18.34. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of 1.42.

A number of research firms have issued reports on FEYE. Bank of America raised their target price on FireEye from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. BMO Capital Markets raised their price target on shares of FireEye from $12.50 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on FireEye from $12.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Morgan Stanley lifted their target price on FireEye from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, Wedbush increased their price target on FireEye from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.63.

In other FireEye news, EVP Alexa King sold 43,659 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.01, for a total value of $698,980.59. Following the completion of the sale, the executive vice president now directly owns 474,937 shares of the company’s stock, valued at approximately $7,603,741.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions to prepare for, prevent, investigate, respond to, and remediate cyber-attacks in organizations. The company provides network, email, endpoint, and cloud security solutions, as well as customer support and maintenance services. It also offers Helix Security Platform, a cloud-hosted security platform; Security Validation Platform against cyber attacks; Dynamic Threat Intelligence cloud, a bi-directional cloud-based service; and Mandiant Threat Intelligence that offers subscriptions to threat intelligence reports to organizations for defending cyber threats.

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Earnings History for FireEye (NASDAQ:FEYE)

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