FireEye Inc (FEYE) is Resumed by Wunderlich to Hold, Raises Price Target to $ 16

FireEye Inc (FEYE) was Resumed by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $15 . Wunderlich advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on FireEye Inc. Shares were Downgraded by Imperial Capital on Aug 9, 2016 to ” In-line” and Lowered the Price Target to $ 15 from a previous price target of $25 .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.

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 opened for trading at $14.42 and hit $14.83 on the upside on Monday, eventually ending the session at $14.64, with a gain of 0.21% or 0.03 points. The heightened volatility saw the trading volume jump to 4,109,055 shares. Company has a market cap of $2,484 M.

In a different news, on Aug 17, 2016, Frank Verdecanna (SVP, Finance & CAO) sold 158 shares at $14.20 per share price. According to the SEC, on Aug 17, 2016, Travis M. Reese (President) sold 2,466 shares at $14.19 per share price. On Aug 17, 2016, John T Mcgee (Former EVP, WW Field Sales) sold 14,988 shares at $14.20 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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