Northland Securities Believes FireEye Inc (NASDAQ: FEYE) Won’t Stop Here

By Jason Carr

Northland Securities analyst Robert Breza reiterated a Buy rating on FireEye Inc (NASDAQ: FEYE) yesterday and set a price target of $22. The company’s shares closed yesterday at $17.49, close to its 52-week high of $18.

According to TipRanks.com, Breza is a 3-star analyst with an average return of 3.9% and a 55.7% success rate. Breza covers the Technology sector, focusing on stocks such as Barracuda Networks, Coupa Software Inc, and CommVault Systems.

FireEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.71.

Based on FireEye Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $185 million and GAAP net loss of $70.73 million. In comparison, last year the company earned revenue of $186 million and had a GAAP net loss of $123 million.

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FireEye, Inc. develops virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. The FireEye Threat Prevention Platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors, including Web, email, and files and across the different stages of an attack life cycle. Its virtual machine-based security platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. The company was founded by Ashar Aziz on February 18, 2004 and is headquartered in Milpitas, CA.