FireEye Inc (NASDAQ:FEYE) – Analysts at Gabelli issued their Q2 2019 earnings estimates for shares of FireEye in a report issued on Wednesday, May 29th, Zacks Investment Research reports. Gabelli analyst H. Susanto expects that the information security company will post earnings per share of ($0.17) for the quarter. Gabelli also issued estimates for FireEye’s FY2019 earnings at ($0.58) EPS and FY2020 earnings at ($0.42) EPS.
FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). The business had revenue of $210.54 million for the quarter, compared to analyst estimates of $210.22 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share.
FEYE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, March 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Monday, April 29th. BidaskClub raised shares of FireEye from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Mizuho initiated coverage on shares of FireEye in a report on Tuesday, March 26th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of FireEye in a report on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. FireEye currently has a consensus rating of “Hold” and an average price target of $19.79.
Shares of NASDAQ:FEYE traded down $0.25 on Friday, reaching $14.61. 3,921,734 shares of the company’s stock were exchanged, compared to its average volume of 3,276,088. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 2.00. FireEye has a fifty-two week low of $13.85 and a fifty-two week high of $20.61. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -20.29 and a beta of 0.97.
Several large investors have recently bought and sold shares of FEYE. Nordea Investment Management AB acquired a new position in shares of FireEye in the first quarter worth about $4,503,000. Cerebellum GP LLC boosted its holdings in shares of FireEye by 5.4% in the first quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock worth $268,000 after buying an additional 818 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of FireEye by 190.2% in the first quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock worth $15,211,000 after buying an additional 593,765 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of FireEye by 214.7% in the first quarter. Advisors Asset Management Inc. now owns 7,858 shares of the information security company’s stock worth $132,000 after buying an additional 5,361 shares during the period. Finally, S Squared Technology LLC boosted its holdings in shares of FireEye by 10.4% in the first quarter. S Squared Technology LLC now owns 212,251 shares of the information security company’s stock worth $3,564,000 after buying an additional 20,000 shares during the period. Institutional investors own 79.63% of the company’s stock.
In other FireEye news, EVP Alexa King sold 3,156 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $15.37, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $229,399.04. Following 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. In the last three months, insiders have sold 20,229 shares of company stock worth $298,938. 2.40% of the stock is 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.