Published: Sat, February 10, 2018
Business | By Max Garcia

FireEye (FEYE) Given New $17.00 Price Target at Barclays

FireEye (FEYE) Given New $17.00 Price Target at Barclays

(NASDAQ:FEYE) from an equal weight rating to an overweight rating in a research note issued to investors on Monday, MarketBeat reports.

A number of other institutional investors have also recently modified their holdings of the stock. Finally, Dougherty & Co upgraded FireEye from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a report on Thursday, November 2nd. Current price levels see the company 0.54% off the 20-day simple moving average. Goldman Sachs Group, Inc. Wedbush reaffirmed a "positive" rating and issued a $14.12 target price (down from $16.00) on shares of FireEye in a report on Friday. BorgWarner given 4 buy-equivalent recommendations, 1 sells and 9 holds. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. Two 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 assigned a strong buy rating to the company's stock. The company now has a consensus rating of Hold and a consensus price target of $16.44.

FireEye's shares were up 13.2 percent in extended trading.

FEYE shares are now set to open at their highest point since an early November bear gap, and widen their 28.2% year-over-year lead. The stock is now moving below its 20-Day Simple Moving Average of -5.94% with a 50-Day Simple Moving Average of -3.14 percent. The stock's market cap is $3.10 billion.

The company reported a profit of 1 cent per share for the fourth quarter ended December 31, compared with analysts' average estimate of a net loss of 1 cent.

Analysts believe that the company has the potential to earn average revenue of $186.74 Million for the current quarter. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%.

The security-software company reported a fourth-quarter net loss of $77 million, or 42 cents a share, over the sales of $202.3 million, that is up from $184.7 million a year ago, after the desired adjustments, the company claimed profit of a penny a share. During the same quarter past year, the company earned ($0.33) earnings per share. FireEye, Inc. (FEYE) has 0 billion shares outstanding now, 67.98% of which belong to institutional investors. Following the transaction, the director now owns 7,099 shares in the company, valued at $96,333.43.

Several hedge funds have recently bought and sold shares of the company. LLC bought a new stake in FireEye Inc (NASDAQ:FEYE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. The Manufacturers Life Insurance Company grew its position in FireEye Inc (NASDAQ:FEYE) by 30.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. US Bancorp DE raised its holdings in shares of FireEye by 271.0% in the 1st quarter. Insiders own 2.40% of the company's stock.

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