Technology

FireEye Inc (NASDAQ:FEYE) To Report its Earnings

FireEye Inc (NASDAQ:FEYE) shares traded -0.24% during the most recent session the stock exchanged hands 4,343,500 shares versus average trading capacity of 5.84M shares, yielding a market cap of $2.23B. Wall Street analysts covering the stock are projecting that the stock will reach $13.91 within the next 52-weeks. The mean target projections are based on 23 opinions, the mean target was last revised on 04/20/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have FireEye Inc (NASDAQ:FEYE) high price target of $23.00 and with a conservative view have low price target of $10.00 with a standard deviation of $3.24. If seeing target price from optimistic overview then it has a 84 percent upside potential from the latest closing price of $12.48.

FireEye Inc (NASDAQ:FEYE) received “Upgrade” rating by Goldman in a research note issued to investors on Mar-23-17 from Sell to Buy from $10 to $15.

Additionally on Mar-20-17 FireEye Inc (NASDAQ:FEYE) was “Upgraded” by BofA/Merrill from Neutral to Buy and on Feb-07-17 the stock was “Reiterated” by Imperial Capital as In-line from $15 to $12. Furthermore on Feb-06-17 the stock was “Reiterated” by Wedbush as Neutral from $14 to $11.

On the other hand the company has Relative Strength Index (RSI 14) of 57.68 along with Average True Range (ATR 14) of 0.32, Consequently FireEye Inc (NASDAQ:FEYE)’s weekly and monthly volatility is 2.28%, 2.26% respectively. The company’s beta value is at 0.57.

In terms of Buy, Sell or Hold recommendations, FireEye Inc (NASDAQ:FEYE) has analysts’ mean recommendation of 2.50. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that FireEye Inc (NASDAQ:FEYE) will report earnings of -$0.26 for the current quarter on or around 5/2/17 After Market Close, however the company’s high EPS estimates are -$0.21 and low estimates are -$0.27. However the company reported -$0.47 earnings per share for the same quarter during last year.

Previously FireEye Inc (NASDAQ:FEYE) reported -$0.22 earnings per share (EPS) for the quarter on 2/2/2017 After Market Close, beating the consensus estimate of -$0.49 by $0.27. The company posted an earnings surprise of 55.10%.

While considering growth estimates of the company, it has next quarter growth estimates of 57.60% whereas during current quarter it has 44.70% estimations over growth, comparing to the estimations of 51.50% during current year and 87.50% for next year. For the next 5 years it has a strong prediction of 15.00% over growth.

FireEye Inc (NASDAQ:FEYE)’s revenue estimates for the current quarter are $163.67M according to 26 number of analysts, for the current quarter the company has high revenue estimates of $166M in contradiction of low revenue estimates of $161.1M. For the current year the company’s revenue estimates are $723.15M compared to low analyst estimates of $678.1M and high estimates of $764.9M according 29 number of analysts.

Currently FireEye Inc (NASDAQ:FEYE)’s shares owned by insiders are 4.90%, whereas shares owned by institutional owners are 63.90%. However the six-month change in the insider ownership was recorded -4.51%, as well as three-month change in the institutional ownership was recorded 4.83%.

FireEye Inc (NASDAQ:FEYE) is trading -32.25% away from its 52 week high of $18.42 and +20.58% far from the stock’s low point over the past 52 weeks, which was $10.35. The stock hit its 52-week high on 07/28/16, and 52-week low on 03/09/17. The company’s trailing twelve month income is -480.10M dollars.

FireEye Inc (NASDAQ:FEYE)’s trailing twelve month revenues are $714.10M, whereas its price to sales ratio for the same period is 3.09. Its book value per share for the most recent quarter is $5.03 while its price to book ratio for the same period is 2.48, as for as the company’s cash per share for the most recent quarter is $5.29, however its price to cash per share ratio for the same period is 2.36. The stock has a current PEG ratio of -1.73 where as its trailing twelve month P/E ratio is -4.24.

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