Northland Securities Reaffirms Their Buy Rating on FireEye Inc (FEYE)

By Ryan Adsit

In a report released today, Robert Breza from Northland Securities maintained a Buy rating on FireEye Inc (FEYEResearch Report), with a price target of $19.00. The company’s shares closed last Monday at $14.00.

According to TipRanks.com, Breza is a 4-star analyst with an average return of 9.6% and a 52.7% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FireEye Inc with a $18.59 average price target, implying a 32.8% upside from current levels. In a report issued on October 2, Robert W. Baird also maintained a Buy rating on the stock with a $23.00 price target.

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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.