Log in

FireEye Inc (NASDAQ:FEYE) Expected to Announce Quarterly Sales of $227.32 Million

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

Wall Street brokerages predict that FireEye Inc (NASDAQ:FEYE) will report $227.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for FireEye's earnings, with the highest sales estimate coming in at $228.00 million and the lowest estimate coming in at $226.20 million. FireEye reported sales of $225.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The company is scheduled to report its next earnings results on Tuesday, November 3rd.

On average, analysts expect that FireEye will report full-year sales of $918.93 million for the current fiscal year, with estimates ranging from $914.85 million to $923.00 million. For the next financial year, analysts expect that the company will report sales of $974.48 million, with estimates ranging from $950.00 million to $1.02 billion. Zacks' sales calculations are a mean average based on a survey of analysts that that provide coverage for FireEye.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, July 28th. The information security company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.11. The company had revenue of $230.00 million during the quarter, compared to the consensus estimate of $214.77 million. FireEye had a negative return on equity of 16.21% and a negative net margin of 26.68%. The company's revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on FireEye from $15.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley raised their target price on FireEye from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. ValuEngine downgraded FireEye from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Oppenheimer assumed coverage on FireEye in a report on Tuesday, August 11th. They issued a "buy" rating and a $18.00 price objective for the company. Finally, Wedbush increased their target price on FireEye from $12.00 to $15.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. The company has a consensus rating of "Hold" and a consensus price target of $16.78.

In other FireEye news, EVP Alexa King sold 43,659 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.01, for a total value of $698,980.59. Following the sale, the executive vice president now directly owns 474,937 shares of the company's stock, valued at $7,603,741.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of FireEye in the first quarter worth $47,000. Twin Tree Management LP grew its stake in shares of FireEye by 173.4% in the second quarter. Twin Tree Management LP now owns 4,442 shares of the information security company's stock worth $54,000 after purchasing an additional 2,817 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of FireEye by 78.8% in the first quarter. Verus Capital Partners LLC now owns 10,010 shares of the information security company's stock worth $106,000 after purchasing an additional 4,410 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of FireEye in the second quarter worth $111,000. Finally, Mid Atlantic Financial Management Inc. ADV bought a new position in shares of FireEye in the first quarter worth $115,000. 76.08% of the stock is owned by institutional investors.

Shares of FireEye stock opened at $12.61 on Wednesday. The business has a 50-day moving average of $14.48 and a 200-day moving average of $12.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.66 and a quick ratio of 1.65. The company has a market capitalization of $2.84 billion, a PE ratio of -11.16 and a beta of 1.07. FireEye has a 1-year low of $7.54 and a 1-year high of $18.34.

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.

Recommended Story: What does a neutral rating on stocks mean?

Get a free copy of the Zacks research report on FireEye (FEYE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FireEye (NASDAQ:FEYE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

10 Stocks to Buy On Fears of a Second Coronavirus Wave

Ever since the U.S. economy began to re-open (and honestly before that), there was concern over the impending “second wave” of the novel coronavirus. And although the second wave of the virus was not expected to hit until the fall, the concerns have been escalating as case numbers rise in multiple states.

And despite the Trump administration’s vehement statements that the economy would not shut down, we learned on February 25 that Texas was now pausing, and in some cases rolling back, its reopening measures in an effort to stem the spread of the virus.

And this is happening as the Centers for Disease Control (CDC) is now saying that it’s possible that 20 million Americans may have the coronavirus based on a sample of blood tests that are showing who has the antibodies in their system.

For its part, the stock market reacted sharply to the move. It was a move that undoubtedly frustrated many weary investors. In fact, you might be among those that have had just about enough of the Covid-19 market. I understand, I’m there too.

But, institutional investors are forward-looking. And right now, they don’t like what they. So stocks are having another broad selloff. However, in the midst of any selloff, there is money to be made. And the good news for investors is that many of the same stocks that were good buys in March, are still the stocks to buy right now. And while some of these stocks fit the classic definition of defensive stocks, you’ll find a few genuine growth stocks included on this list as well.

View the "10 Stocks to Buy On Fears of a Second Coronavirus Wave".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.