FireEye's (FEYE) Deal for iSight Slightly Rich, but Premium is Justified; FBN Trims PT to $22

Go back to FireEye's (FEYE) Deal for iSight Slightly Rich, but Premium is Justified; FBN Trims PT to $22

Imperial Capital Remains Bullish as FireEye's (FEYE) Preliminary 4Q Results Were Consistent with Street

January 22, 2016 7:37 AM EST

Imperial Capital maintained an Outperform rating on FireEye, Inc (NASDAQ: FEYE), and cut the price target to $25.00 (from $32.00), following the company's preliminary 4Q results. Preliminary results were consistent with Street estimated revenue of $187mn and adjusted net loss per share of $0.37.... More

FireEye (FEYE) Beats Low Expectations but Price Target Lowered at Deutsche Bank on Sector Re-Valuation

January 21, 2016 8:47 AM EST

Deutsche Bank maintained a Hold rating on FireEye, Inc (NASDAQ: FEYE) but lowered its price target to $20.00 (from $30.00). Comments follow FireEye's positive pre-announcement. Analyst Karl Keirstead maintain a Hold rating due to FireEye's "balanced risk reward profile." The price target change relates to re-valuation across the software sector.

"FireEye (FEYE) pre-announced a modest 4Q15 revs beat and set preliminary 2016... More

FireEye (FEYE) Quarter Saved By the iSIGHT Acquisition - Piper Jaffray

January 21, 2016 7:53 AM EST

Piper Jaffray analyst, Andrew Nowinski, took a critical view of FireEye, Inc (NASDAQ: FEYE) preannounced results and reduced his price target to $19 (from $27). FQ4(Dec) results are now expecting revenue to come in modestly below the mid-point of guidance. More importantly, management guided for organic billings growth of 20% in 2016, well below the Streets 28% estimate. However, the acquisition of iSIGHT will add ~$50M in billings to 2016, partially offsetting the guide down. The firm maintained a Neutral rating.

FireEye preannounced FQ4(Dec)... More

FireEye's (FEYE) Quarter Better Than Feared and Acquisition to Be Accretive in '16 - FBR

January 21, 2016 7:17 AM EST

After the close, FireEye (NASDAQ: FEYE) announced the acquisition of iSIGHT Partners, a privately held threat intelligence player. The deal includes $200M of cash plus a potential $75M in cash/equity upon achievement of booking targets. The company has roughly $1.2B of cash in its treasure chest. The deal is expected to be modestly accretive to 2016... More