Piper Jaffray Upgrades FireEye, Inc (FEYE) to Overweight

Scale is FireEye's (FEYE) Main Focus; BTIG Sees Organic Billings Growth Outlook as 'Achievable'

March 9, 2016 11:48 AM EST

BTIG reaffirms its Buy rating and $24 price target on FireEye, Inc. (Nasdaq: FEYE) following the company's 2016 Analyst Briefing on Tuesday.

Analyst Joel P. Fishbein commented, Apart from the initial session discussing the current threat environment (hint: be afraid), the subtext of every presentation related to scale. The product roadmap (expanding... More

Wells Fargo Raises FireEye (FEYE) Valuation Range After Analyst Day

March 9, 2016 7:51 AM EST

Wells Fargo analyst, Gray Powell, attended the FireEye (NASDAQ: FEYE) analyst day in New York on Tuesday 3/8. The two key themes were the shift to Fireeye as a service and rearchitecting the MVX engine to offer a software only service. These larger and higher margin opportunities spur the analyst to raise his valuation range while maintaining his Market Perform rating.

Overall, the tone of the event was positive and there were no significant surprises. The company stressed its shift to a subscription based model and highlighted its focus on... More

Wedbush Raises Price Target on FireEye (FEYE) Post Analyst Day; Remains Neutral

March 9, 2016 7:48 AM EST

Wedbush 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 EST

Oppenheimer 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

FireEye's (FEYE) Price Target Raised to $25 at FBN Securities

March 8, 2016 2:49 PM EST

FBN 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

FireEye (FEYE) Updates FY16 Outlook; Narrows Loss Expectations

March 8, 2016 8:31 AM EST

FireEye, Inc. (NASDAQ: FEYE) updated its business outlook for fiscal year 2016 in conjunction with the company's 2016 Analyst Briefing.

For the 2016 fiscal year, the company is maintaining its outlook for non-GAAP billings, revenue and operating cash flow, and is providing an updated outlook for non-GAAP operating margin, non-GAAP net loss per share, and capital expenditures.

Consistent with the guidance provided by the company on February 11, 2016, the company expects:

Total revenue in the range of $815 to $845... More