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

FireEye (NASDAQ:FEYE) announced its quarterly earnings results on Tuesday. The information security company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.16, Briefing.com reports. The company had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $215.45 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis.

NASDAQ FEYE traded down $1.10 on Wednesday, reaching $15.00. 18,607,908 shares of the company were exchanged, compared to its average volume of 3,685,184. The firm has a fifty day simple moving average of $15.16. The company has a market cap of $3.24 billion, a PE ratio of -20.83 and a beta of 0.90. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.00 and a quick ratio of 1.99. FireEye has a fifty-two week low of $13.85 and a fifty-two week high of $20.61.

Several research analysts recently weighed in on the company. BMO Capital Markets reduced their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday. Evercore ISI reiterated a “buy” rating and set a $25.00 price target on shares of FireEye in a research report on Sunday, June 2nd. Wedbush reduced their price target on FireEye from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday. Zacks Investment Research cut FireEye from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, BidaskClub upgraded FireEye from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.48.

In other news, EVP Alexa King sold 3,156 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total value of $48,507.72. Following the transaction, the executive vice president now owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Travis M. Reese sold 15,616 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $14.69, for a total value of $229,399.04. Following the completion of the transaction, the president now directly owns 885,325 shares in the company, valued at approximately $13,005,424.25. The disclosure for this sale can be found here. Insiders have sold 20,229 shares of company stock worth $298,938 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

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 for FireEye (NASDAQ:FEYE)

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