After Robert W. Baird and Oppenheimer gave FireEye Inc (NASDAQ: FEYE) a Buy rating last month, the company received another Buy, this time from Northland Securities. Analyst Robert Breza maintained a Buy rating on FireEye Inc today and set a price target of $22. The company’s shares closed yesterday at $14.66, close to its 52-week low of $14.20.
According to TipRanks.com, Breza is a 5-star analyst with an average return of 12.7% and a 60.8% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Currently, the analyst consensus on FireEye Inc is a Strong Buy with an average price target of $20.63.
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Based on FireEye Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $75.38 million. In comparison, last year the company had a GAAP net loss of $71.83 million.
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FireEye, Inc. operates as a intelligence-led security company, which engages in the intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. It operates through the following geographical segments: United States; EMEA; APAC; and Other.
