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

Feb 11, 2018, 05:09
FireEye (FEYE) Given a $20.00 Price Target at Evercore ISI

The Manufacturers Life Insurance Company grew its holdings in shares of FireEye by 30.0% during the second quarter. 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.

A hedge fund recently raised its stake in FireEye stock. Verition Fund Management LLC increased its position in FireEye by 3.8% in the 2nd quarter. Private Advisor Group LLC now owns 18,128 shares of the information security company's stock valued at $222,000 after buying an additional 220 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its position in shares of FireEye by 1.4% 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.

Currently Fireeye Inc (NASDAQ:FEYE)'s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 70.1%. Sigma Planning Corp lifted its position in shares of FireEye by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company's stock valued at $219,000 after buying an additional 200 shares in the last quarter.

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Mandia said that FireEye's endpoint protection, threat intelligence and Mandiant services arms all had their best ever quarters and singled out the channel as playing a key role in the improved financial performance. 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.

On 11/16/2017 Ronald E F Codd, Director, sold 6,767 with an average share price of $13.57 per share and the total transaction amounting to $91,828.19. It would take bears more than seven sessions to cover the 22.14 million FEYE shares sold short, at the average pace of trading, meaning a short-covering rally could create tailwinds for the stock. Following the sale, the director now directly owns 7,099 shares of the company's stock, valued at approximately $96,333.43. The sale was disclosed in a filing with the SEC, which is available through this link. Finally, Cowen reaffirmed a hold rating and issued a $16.00 price target on shares of FireEye in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $17.96.

FireEye, Inc. (NASDAQ:FEYE) touched its 1-Year High price of $18.00 on 10/10/17 and its 1-Year Low price of $10.35 on 03/09/17. According to these analysts, the Low Revenue Estimate for FireEye, Inc.is 180.01 Million and the High Revenue Estimate is 200.4 Million. The company operates in the Technology sector with a market capitalization of 2.67 Million. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.

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According to the latest data, the consensus recommendation for FireEye, Inc. The information security company reported $0.01 EPS for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.02, Bloomberg Earnings reports.

FireEye, Inc. (NASDAQ:FEYE) yearly performance is 28.25% and net profit margin is -39.30%. The company had revenue of $202.30 million during the quarter, compared to the consensus estimate of $193.74 million.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

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