FireEye (NASDAQ:FEYE) Cut to Sell at BidaskClub

BidaskClub cut shares of FireEye (NASDAQ:FEYE) from a hold rating to a sell rating in a research report released on Wednesday, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets reiterated a market perform rating and set a $16.00 price objective (down previously from $17.00) on shares of FireEye in a research report on Wednesday, July 31st. Zacks Investment Research lowered shares of FireEye from a buy rating to a hold rating in a research report on Friday, May 3rd. Evercore ISI reiterated a buy rating and set a $25.00 price objective on shares of FireEye in a research report on Sunday, June 2nd. JPMorgan Chase & Co. set a $20.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Oppenheimer set a $19.00 target price on shares of FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $19.27.

FEYE stock traded down $0.13 during trading on Wednesday, hitting $13.24. 1,829,196 shares of the company’s stock traded hands, compared to its average volume of 4,232,104. FireEye has a 52 week low of $12.75 and a 52 week high of $20.61. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.56 and a quick ratio of 1.99. The firm has a fifty day simple moving average of $14.98. The firm has a market capitalization of $2.84 billion, a PE ratio of -18.39 and a beta of 0.87.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.16. FireEye had a negative net margin of 28.13% and a negative return on equity of 19.56%. The business had revenue of $218.00 million during the quarter, compared to analyst estimates of $215.45 million. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that FireEye will post -0.71 earnings per share for the current year.

In related news, President Travis M. Reese sold 15,616 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $14.69, for a total value of $229,399.04. Following the transaction, the president now owns 885,325 shares of the company’s stock, valued at approximately $13,005,424.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexa King sold 3,156 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 505,060 shares in the company, valued at approximately $7,762,772.20. The disclosure for this sale can be found here. In the last three months, insiders sold 20,229 shares of company stock worth $298,938. Insiders own 2.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new position in FireEye in the 2nd quarter worth about $26,000. Valeo Financial Advisors LLC increased its stake in FireEye by 66.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,500 shares of the information security company’s stock worth $42,000 after buying an additional 1,000 shares during the period. Joseph P. Lucia & Associates LLC purchased a new position in FireEye in the 1st quarter worth about $60,000. Enterprise Trust & Investment Co purchased a new position in FireEye in the 2nd quarter worth about $89,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in FireEye in the 2nd quarter worth about $95,000. 79.54% 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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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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