In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Buy rating on FireEye Inc (FEYE), with a price target of $23. The company’s shares closed yesterday at $15.67.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.6% and a 77.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
FireEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20.09, representing a 28.2% upside. In a report issued on July 3, Evercore ISI also maintained a Buy rating on the stock with a $25 price target.
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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 $72.86 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.
