For the current quarter, the 30.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.39 a share, which would compare with $-0.41 in the same quarter last year. They have a high estimate of $-0.35 and a low estimate of $-0.40. Revenue for the period is expected to total nearly $181.67M from $147.21M the year-ago period.
For the full year, 31.00 Wall Street analysts forecast this company would deliver earnings of -1.24 per share, with a high estimate of $-1.16 and a low estimate of $-1.27. It had reported earnings per share of $-1.61 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $794.52M versus 622.97M in the preceding year.
The analysts project the company to maintain annual growth of around 28.05% percent over the next five years as compared to an average growth rate of 17.19% percent expected for its competitors in the same industry.
Among the 24 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for FEYE is $21.21 but some analysts are projecting the price to go as high as $35.00. If the optimistic analysts are correct, that represents a 111 percent upside potential from the recent closing price of $16.58. Some sell-side analysts, particularly the bearish ones, have called for $14.00 price targets on shares of FireEye Inc (NASDAQ:FEYE) .
In the last reported results, the company reported earnings of $-0.41 per share, while analysts were calling for share earnings of $-0.48. It was an earnings surprise of 14.60%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
FireEye, Inc. provides cybersecurity solutions for detecting, preventing, analyzing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information. It also offers Central Management System that provides cross-enterprise threat data correlation to identify and block attacks across multiple attack vectors; and Threat Analytics Platform to identify and respond to cyber threats by correlating enterprise-generated security event data from any security product with real-time threat intelligence, as well as Malware Analysis System to manually execute and inspect advanced malware, zero-day, and other advanced cyber-attacks embedded in files, email attachments, and Web objects. In addition, the company offers Network Forensics Platform that helps in detecting threats and view specific packets and sessions before, during, and after the attack to confirm what may have triggered a malware download or callback; Investigation Analysis System, a centralized analytical interface to the Network Forensics Platform; and Mandiant Intelligent Response that enables remote investigation of endpoints and allows security teams to collect targeted forensic data to identify attacker behavior, tools, and techniques. Further, it provides cloud-based subscription services; Security-as-a-Service; and incident response, compromise assessments, and related consulting, as well as training and professional, and customer support and maintenance services. FireEye, Inc. provides its products and services through distributors, resellers, and strategic partners in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa, and others. The company was formerly known as NetForts, Inc. and changed its name to FireEye, Inc. in September 2005. FireEye, Inc. was founded in 2004 and is headquartered in Milpitas, California.
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