FireEye (FEYE) Given a $20.00 Price Target at Evercore ISI

Fire Eye shares were up 3.67
Fire Eye shares were up 3.67
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11 February, 2018

As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell.

FEYE has been the subject of a number of other reports. KeyCorp reaffirmed a hold rating on shares of FireEye in a research note on Friday, October 27th. Morgan Stanley raised FireEye from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $13.00 to $19.00 in a research report on Thursday, September 7th. Dougherty & Co upgraded FireEye from a neutral rating to a buy rating and set a $18.00 target price on the stock in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Verition Fund Management LLC now owns 12,769 shares of the information security company's stock valued at $194,000 after buying an additional 469 shares in the last quarter.

Shares of FireEye (NASDAQ:FEYE) traded up $1.32 during midday trading on Friday, reaching $15.44. Dimensional Fund Advisors LP now owns 216,202 shares of the information security company's stock valued at $3,289,000 after buying an additional 682 shares in the last quarter. FireEye Inc has a twelve month low of $10.35 and a twelve month high of $18.00. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00. The company operates in the Technology sector with a market capitalization of 2.67 Million.

On an earnings call transcribed by Seeking Alpha, FireEye CEO Kevin Mandia said: "In February 2017 we said FireEye was committed to achieving non-GAAP operating profitability in the fourth quarter and a return to growth by the end of the year; I'm proud to tell you we accomplished what we said we would do". The company reported the earnings of $0.01/Share in the last quarter where the estimated EPS by analysts was $-0.01/share. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%.

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In case of Revenue Estimates, 21 analysts have provided their consensus Average Revenue Estimates for FireEye, Inc.as 186.74 Million. And this is the first adjusted quarterly profit, for the "security-software company" in its history, and an increase from a loss of 3 cents a share a year ago.

While looking at the Stock's Performance, FireEye, Inc. now shows a Weekly Performance of -6.24%, where Monthly Performance is -3.95%, Quarterly performance is -2.35%, 6 Months performance is -0.63% and yearly performance percentage is 28.25%.

FireEye, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Codd Ronald E F has sold 6,767 shares of FireEye, Inc. Following the completion of the transaction, the director now directly owns 7,099 shares in the company, valued at $96,333.43. The Manufacturers Life Insurance Company grew its stake in FireEye by 30.0% in the second quarter. Private Advisor Group LLC lifted its position in shares of FireEye by 1.2% during the 1st quarter. Sigma Planning Corp lifted its position in shares of FireEye by 2.5% during the 2nd quarter. Finally, State of Alaska Department of Revenue bought a new stake in FireEye during the 4th quarter valued at $146,000. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company's stock valued at $141,000 after acquiring an additional 1,252 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of FireEye by 7.8% in the 4th quarter. The third largest holder is Blackrock Inc., which now holds $105.06 million worth of this stock and that ownership represents almost 3.93% of its market capitalization.


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