Wall Street analysts’ views on FireEye stock
So far in this series, we’ve discussed the factors that impacted FireEye (FEYE) in 2016 as well as the factors that could determine its position in cybersecurity in 2017.
Notably, FireEye, Symantec (SYMC), Palo Alto Networks (PANW), Barracuda (CUDA), and Fortinet (FTNT) are prominent players in the cybersecurity space, while Cisco Systems (CSCO) dominates the security appliance market.
Of the 31 analyst recommendations for FireEye stock, there are two “sell” recommendations. As you can see in the chart above, more than 60% of analysts recommended a “hold” for FireEye stock, and the remainder offered “buy” recommendations.
In the preceding parts of this series, we highlighted various financial factors and initiatives that could give investors some assurance that FireEye is moving in the right direction with respect to growth, as well as the technical areas we feel it should focus on.
Price performance and target prices
The price movement for FireEye stock has been mixed. In the past month, FEYE stock rose ~9%. However, in the last year, the stock lost nearly 8% of its value.
The analysts’ consensus target price for FireEye was $16.58 per share on January 30, 2017. On that day, the median target price was $16.00, and the closing price was $12.96.
Investors interested in exposure to cybersecurity can consider investing in the PureFunds ISE Cyber Security ETF (HACK). HACK has a portfolio of 32 stocks and invests ~5% of its total holdings in FireEye.