Imperial Capital issues “In-line” Rating on FireEye Inc (FEYE)

FireEye Inc (FEYE) was Reiterated by Imperial Capital to “In-line” while Lowering the Price Target of the company shares to $ 12 from a previous price target of $15 . Imperial Capital advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, FireEye Inc reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $-0.16. The company had revenue of $184.70 million for the quarter, compared to analysts expectations of $191.02 million. During the same quarter in the previous year, the company posted $-0.36 EPS.

Several company insiders have filed Insider transactions , on Jan 5, 2017, William T Robbins (EVP, WW Sales) sold 54,786 shares at $11.64 per share price. According to the SEC, on Jan 5, 2017, Kevin R. Mandia (Chief Executive Officer) sold 112,581 shares at $12.29 per share price. On Jan 5, 2017, David G Dewalt (Executive Chairman) sold 151,644 shares at $11.64 per share price, according to the Form-4 filing with the securities and exchange commission.

FireEye Inc opened for trading at $11.28 and hit $11.47 on the upside on Friday, eventually ending the session at $11.46, with a gain of 1.78% or 0.2 points. The heightened volatility saw the trading volume jump to 49,43,307 shares. Company has a market cap of $1,961 M.

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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