FireEye Updates Business Outlook for Fiscal Year 2016
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Wedbush Raises Price Target on FireEye (FEYE) Post Analyst Day; Remains Neutral
March 9, 2016 7:48 AM ESTWedbush reiterated a Neutral rating on FireEye, Inc (NASDAQ: FEYE), and raised the price target to $18.00 (from $17.00), following the company's analyst day. FEYE looks well on its way to building a sustainable position as a leading provider of security services, but 2016 will likely be a pivotal... More
Oppenheimer Remains Bullish Following FireEye's (FEYE) Analyst Day
March 9, 2016 6:53 AM ESTOppenheimer reiterated an Outperform rating and $35.00 price target on FireEye, Inc (NASDAQ: FEYE) following the company's analyst day. Driven by improved efficiency, FEYE is raising FY16E operating margins to (21%)-(23%) from (22%)-(24%) and LPS to $1.20-1.27 from $1.25-1.32. CapEx lowered to $35M from $50M... More
Piper Jaffray Upgrades FireEye, Inc (FEYE) to Overweight
March 9, 2016 6:32 AM ESTPiper Jaffray upgraded FireEye, Inc (NASDAQ: FEYE) from Neutral to Overweight with a price target of $24.00 (from $15.00), saying the path to profitability is becoming clearer.
Analyst Andrew J. Nowinski commented, "We are upgrading FEYE to Overweight based on four factors. First, we... More
FireEye's (FEYE) Price Target Raised to $25 at FBN Securities
March 8, 2016 2:49 PM ESTFBN Securities maintained an Outperform rating on FireEye, Inc (NASDAQ: FEYE) and raised its price target to $25.00 (from $18.00). The change follows its 2016 analyst day.
Analyst Shebly Seyrafi said, "The company now expects to be NG operating margin positive in FH2 (and for all of F2018), a much faster time frame than we had estimated, as the company focuses more on cost controls (e.g. around $35M in annualized cash expenses are expected to be reduced this year). Although the company is maintaining its prior F2016 revenue and billings guidances, we are raising our... More
