FireEye (FEYE) Gets a Buy Rating from Oppenheimer


Oppenheimer analyst Shaul Eyal maintained a Buy rating on FireEye (FEYE) today and set a price target of $16.00. The company’s shares closed last Tuesday at $11.42.

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.7% and a 63.7% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Intellicheck Mobilisia, and Nuance Communications.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FireEye with a $14.36 average price target, implying a 22.5% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $14.00 price target.

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Based on FireEye’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $235 million and GAAP net loss of $49.22 million. In comparison, last year the company earned revenue of $218 million and had a GAAP net loss of $48.4 million.

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FireEye, Inc. operates as a intelligence-led security company. The firm 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. Its solutions include Enterprise Security; Managed Security; Threat Intelligence; and Industry Solutions. The company was founded by Ashar Aziz in February 2004 and is headquartered in Milpitas, CA.

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