FireEye (NASDAQ:FEYE) Given a $23.00 Price Target by Robert W. Baird Analysts

Robert W. Baird set a $23.00 price target on FireEye (NASDAQ:FEYE) in a research report sent to investors on Sunday, AnalystRatings.com reports. The firm currently has a buy rating on the information security company’s stock.

Several other analysts also recently issued reports on the company. Wedbush reduced their price target on FireEye from $17.00 to $15.00 and set a neutral rating for the company in a research note on Wednesday, July 31st. Nomura started coverage on FireEye in a research note on Tuesday, August 6th. They issued a buy rating and a $16.00 price target for the company. JPMorgan Chase & Co. set a $20.00 price target on FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Bank of America set a $20.00 price target on FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Evercore ISI restated a buy rating and issued a $25.00 price target on shares of FireEye in a research note on Sunday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $19.27.

FEYE opened at $14.19 on Friday. The business has a fifty day simple moving average of $13.59 and a 200 day simple moving average of $15.11. The company has a market capitalization of $3.07 billion, a PE ratio of -19.71 and a beta of 0.96. FireEye has a 1 year low of $12.66 and a 1 year 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 1.55.

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

In other FireEye news, EVP William T. Robbins sold 6,316 shares of FireEye stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $83,939.64. Following the completion of the transaction, the executive vice president now directly owns 411,357 shares of the company’s stock, valued at approximately $5,466,934.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Frank Verdecanna sold 10,525 shares of FireEye stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total value of $139,877.25. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in FireEye by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,190,940 shares of the information security company’s stock valued at $269,407,000 after acquiring an additional 945,885 shares in the last quarter. ETF Managers Group LLC raised its holdings in FireEye by 14.6% in the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock valued at $56,228,000 after acquiring an additional 426,289 shares in the last quarter. First Trust Advisors LP raised its holdings in 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 acquiring an additional 1,764,847 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in FireEye by 13.3% in the 1st quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock valued at $41,788,000 after acquiring an additional 292,381 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in FireEye by 15.0% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,385,000 shares of the information security company’s stock valued at $40,044,000 after acquiring an additional 311,983 shares in the last quarter. 71.31% of the stock is owned by hedge funds and other 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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