FireEye Inc (FEYE) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 15

FireEye Inc (FEYE) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 15 from a previous price target of $21 . Wunderlich advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on FireEye Inc. Shares were Downgraded by Wunderlich on Aug 5, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $21 .FireEye Inc was Downgraded by JP Morgan to ” Neutral” on Aug 5, 2016. Shares were Downgraded by Citigroup on Aug 5, 2016 to ” Neutral” and Lowered the Price Target to $ 18 from a previous price target of $22 .

On the company’s financial health, FireEye Inc reported $-0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.39. The company had revenue of $175.00 million for the quarter, compared to analysts expectations of $181.57 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

FireEye Inc closed down -0.52 points or -3.01% at $16.75 with 1,20,17,440 shares getting traded on Thursday. Post opening the session at $17.3, the shares hit an intraday low of $16.65 and an intraday high of $17.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 16, 2016, Kevin R. Mandia (President) purchased 27,600 shares at $12.70 per share price. According to the SEC, on May 10, 2016, Michael J Berry (CFO) purchased 16,500 shares at $12.84 per share price. On Nov 6, 2015, David G Dewalt (CEO) purchased 22,500 shares at $22.87 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.

FireEye Inc

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