FireEye (NASDAQ:FEYE) Given a $20.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $20.00 price objective on FireEye (NASDAQ:FEYE) in a research report released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the information security company’s stock.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded FireEye from a sell rating to a hold rating in a research note on Thursday, October 3rd. 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 note on Wednesday, July 31st. Bank of America set a $20.00 price objective on FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Robert W. Baird set a $23.00 price target on FireEye and gave the company a buy rating in a research note on Sunday, September 15th. Finally, Oppenheimer set a $19.00 price target on FireEye and gave the company a buy rating in a research note on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. FireEye currently has a consensus rating of Hold and an average price target of $18.72.

Shares of NASDAQ FEYE traded up $0.27 during trading on Wednesday, reaching $15.08. 3,550,285 shares of the company traded hands, compared to its average volume of 3,682,733. The firm’s fifty day simple moving average is $13.70 and its 200 day simple moving average is $14.79. The stock has a market cap of $3.22 billion, a P/E ratio of -20.94 and a beta of 0.96. FireEye has a 12-month low of $12.66 and a 12-month high of $20.61. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.30.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.16. The business had revenue of $218.00 million during the quarter, compared to analyst estimates of $215.45 million. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts expect that FireEye will post -0.7 EPS for the current year.

In related news, CFO Frank Verdecanna sold 10,525 shares of FireEye stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $139,877.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William T. Robbins sold 6,316 shares of FireEye stock in a transaction dated 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 sale, the executive vice president now owns 411,357 shares in the company, valued at $5,466,934.53. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Arden Trust Co boosted its holdings in FireEye by 249.5% in the 3rd quarter. Arden Trust Co now owns 38,067 shares of the information security company’s stock worth $508,000 after buying an additional 27,176 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in FireEye by 29.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 11,505 shares of the information security company’s stock worth $153,000 after buying an additional 2,635 shares during the last quarter. Atria Investments LLC acquired a new position in shares of FireEye during the 2nd quarter worth approximately $614,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of FireEye during the 2nd quarter worth approximately $179,000. Finally, Maverick Capital Ltd. acquired a new position in shares of FireEye during the 2nd quarter worth approximately $1,531,000. Institutional investors own 71.31% of the company’s stock.

About FireEye

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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