FireEye Inc. (FEYE) Is Pulling Back After CFO Departs

In the near term, the target price could hit a high of $65 and a low of $ 29. The 12-month mean target is $52.93, which means upside potential of 12.98% over the current price. It supplies merchandise and services in the U.S., the Asia-Pacific, Japan, Europe, the Middle East, Africa and globally primarily through distributors, resellers and strategic partners.

Iinsider Ashar Aziz sold 188,434 shares of the stock in a transaction that occurred on Wednesday, July 15th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The 52-week high of the share price is $55.33 and the 52-week low is $24.81. The disclosure for this sale can be found here. The company gave guidance for the third quarter: FireEye expects a loss per share of $0.44 to $0.48 per share on $164 million to $168 million in revenue. During last 3 month period, 0.75% of total institutional ownership has changed in the company shares. The company has a market cap of $7,246 million and the number of outstanding shares has been calculated to be 156,330,000 shares. Following the release of the earnings report, shares were down 5.1% at $45.34.

It has not been a particularly good quarter for cybersecurity firm FireEye following the publication of its Q2 results with its slowest revenue growth ever, and its CFO promising to step down. Brokerage firm OTR Global downgrades its rating on FireEye, Inc. Dougherty & Co started coverage on FireEye in an investigation report on Monday, July 13th. Finally, Vetr upgraded FireEye from a buy rating to a strong-buy rating and set a $56.11 price objective on the stock in a report on Tuesday, July 7th. “With a constant 90% renewal rate, we believe FEYE’s 2019 $2B billing target, which serves as the basis for improved profitability, is highly feasible”. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The business now has an average rating of Purchase and an average price objective of $50.98.

The FireEye logo is seen outside the company’s offices in Milpitas, California, December 29, 2014.

Its virtual machine-based technology delivers detection and prevention, and to provide real-time protection to enterprises and governments across the world. Its threat prevention appliance families address vectors of attack: Web, email, file, endpoint and mobile. The core of its purpose-built, virtual machine-based security platform is its virtual execution (MVX), engine, which identifies and protects against known and unknown threats that existing signature-based technologies are unable to detect. In January 2014, FireEye, Inc. declared that it had obtained Mandiant.