Going ahead, a healthy security market, strong product line-up, deal wins and investment plans should boost results in the long run. The Free Cash Flow or FCF margin is 0. "Intensifying competition and an uncertain macroeconomic environment add to its woes".
The company reported adjusted billings of $242.2 million, topping analysts' estimate of $221 million, according to research firm FactSet. 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. Northland Securities set a $22.00 target price on FireEye and gave the company a "buy" rating in a research report on Thursday, October 12th. 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. Vetr raised FireEye from a "buy" rating to a "strong-buy" rating and set a $17.53 price objective on the stock in a research report on Monday, July 17th. (NASDAQ:FEYE), 7 rate it "Buy", 4 "Outperform", 16 "Underperform", 1 "Sell", while 0 "Hold".
Taking a broader look at the analyst consensus, brokerage firms have a price target of $17.09 on Fireeye Inc (NASDAQ:FEYE).
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. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye Inc has a twelve month low of $10.35 and a twelve month high of $18.00.
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".
For the current quarter, 23 analysts are projecting a mean EPS of $-0.05/share.
In case of Revenue Estimates, 21 analysts have provided their consensus Average Revenue Estimates for FireEye, Inc.as 186.74 Million. The firm's revenue was up 6.0% compared to the same quarter a year ago.
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. The sale was disclosed in a filing with the SEC, which is available through this link.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in FireEye Inc (NASDAQ:FEYE) by 30.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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. 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. Sigma Planning Corp lifted its position in shares of FireEye by 2.5% during the 2nd quarter. Hedge funds and other institutional investors own 68.18% of the company's stock. Finally, K.J. Harrison & Partners Inc purchased a new position in FireEye during the third quarter worth about $168,000.
Fireeye Inc (NASDAQ:FEYE) down -0.35% to close at the price of $14.12.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks.