FireEye Inc (FEYE) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.50. The company posted revenue of $168.00 million in the period, compared to analysts expectations of $171.72 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.
Many Wall Street Analysts have commented on FireEye Inc. FireEye Inc was Initiated by Goldman to “Neutral” on Mar 21, 2016. Company shares were Reiterated by UBS on Mar 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 18 from a previous price target of $13 .Company shares were Upgraded by Piper Jaffray on Mar 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 24 from a previous price target of $15 .
FireEye Inc closed down -0.49 points or -2.94% at $16.19 with 44,62,447 shares getting traded on Wednesday. Post opening the session at $16.5, the shares hit an intraday low of $16.01 and an intraday high of $16.7673 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 6, 2015, Michael J Berry (CFO) purchased 13,500 shares at $22.89 per share price. According to the SEC, on Nov 6, 2015, David G Dewalt (CEO) purchased 22,500 shares at $22.87 per share price. On Oct 23, 2015, Ashar Aziz (Chief Strategy Officer) sold 188,434 shares at $29.38 per share price, according to the Form-4 filing with the securities and exchange commission.
FireEye Inc. is a United States-based company engaged in offering virtual machine-based security platform that provides real-time threat protection to enterprises and governments against the cyber-attacks. The Company’s FireEye Threat Prevention platform provides real-time threat protection without the use of signatures to protect an organization across the primary threat vectors and across the various stages of an attack life cycle. It stops advanced cyber-attacks that use advanced malware zero-day exploits and Advanced Persistent Threat (APT) tactics. Its solutions supplement traditional and next generation firewalls Intrusion Prevention Systems (IPS) anti-virus and gateways. It offers a solution that detects and blocks attacks across Web e-mail endpoint file and mobile threat vectors and latent malware resident on file shares. Its products include Network Security NX Series Malware Analysis AX Series iSIGHT ThreatScape Intelligence and Central Management CM Series.