FireEye Reports Third Quarter 2016 Results above Guidance Ranges
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November 4, 2016 9:31 AM EDT
Nomura Securities analyst Frederick Grieb lowered his price target on FireEye, Inc (NASDAQ: FEYE) to $17.50 (from $22.50) but retained a Buy rating following a solid quarter.
Grieb commented, "FireEye currently trades at just 4.6x EV / LTM Subscription Revenue. 4.0x EV / LTM Subscription revenues... More
November 4, 2016 6:39 AM EDT
Oppenheimer analyst Shaul Eyal reiterated an Outperform rating on FireEye, Inc (NASDAQ: FEYE) but lowered his price target to $28.00 (from $33.00) following solid Q3 results. Eyal said the corner has been turned.
Eyal commented, "In spite of quarterly distractions (restructuring, sales leadership changes), FEYE reported... More
November 3, 2016 4:05 PM EDT
FireEye (NASDAQ: FEYE) reported Q3 EPS of ($0.18), $0.13 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $186.4 million versus the consensus estimate of $182.65 million.
GUIDANCE:
FireEye sees FY2016 revenue of $716-722 million, versus the consensus of $721.5... More
