Bank of America Upgrades FireEye Inc to Buy with Price Target $18

Brokerage firm Bank of America Upgrades its rating on FireEye Inc(FEYE). As per the latest information, Bank of America Raises the price target to $18 per share from a prior target of $13.5. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Bank of America was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 3, 2017, First Analysis said it Upgrades its rating on FireEye Inc. The shares have been rated ‘Equal-Weight’ by the firm.

FireEye Inc (FEYE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.44% or 0.05 points. Due to strong positive momentum, the stock ended at $11.49, which is also near the day’s high of $11.52. The stock began the session at $11.46 and the volume stood at 53,66,162 shares. The 52-week high of the shares is $18.81 and the 52 week low is $10.35. The company has a current market capitalization of $2,040 M and it has 17,75,07,480 shares in outstanding.

FireEye Inc(FEYE) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $184.696M. Analysts had an estimated revenue of $190.960M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.16.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2017, Frank Verdecanna (EVP, CFO & CAO) sold 1,858 shares at $11.30 per share price.Also, On Feb 17, 2017, Travis M. Reese (President) sold 23,376 shares at $11.31 per share price.On Feb 17, 2017, Kevin R. Mandia (Chief Executive Officer) sold 32,783 shares at $11.31 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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