Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on FireEye Inc (FEYE – Research Report) today and set a price target of $23.00. The company’s shares closed last Monday at $13.84, close to its 52-week low of $12.66.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 16.6% and a 64.5% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
FireEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.32, a 32.8% upside from current levels. In a report issued on October 4, Northland Securities also assigned a Buy rating to the stock with a $19.00 price target.
Based on FireEye Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $67.32 million. In comparison, last year the company had a GAAP net loss of $50.04 million.
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FireEye, Inc. operates as a intelligence-led security company, which engages in the intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. It operates through the following geographical segments: United States; EMEA; APAC; and Other.