Wall Street analysts’ views on FireEye
In this series, we’ve looked at some factors that could brighten FireEye’s (FEYE) prospects as well as make it a worthy investment.
Cisco Systems (CSCO), Symantec (SYMC), Palo Alto Networks (PANW), FireEye (FEYE), Barracuda Networks (CUDA), and Fortinet (FTNT) are prominent players in the cybersecurity space. Cisco Systems (CSCO) dominates the security appliance market. Now let’s take a look at select market-centric views for FireEye.
Of the 29 analyst recommendations for FireEye stock, there is only one “sell” recommendation. As you can see in the above graph, more than 65.0% of analysts recommended a “hold” for FireEye stock, and the rest gave it “buy” recommendations. FireEye’s better-than-expected fiscal 1Q17 earnings worked in favor of the company, as many analysts have a “hold” opinion on the stock.
FireEye’s price performance
The price movement for FireEye stock has been mixed. In the past month, it has risen ~22.9%. However, in the last year, the stock rose close to 11.7% of its value.
Analysts’ target prices
Analysts’ consensus target price for FireEye was $14.93 per share on May 19, 2017. On that day, the median target price was $14.50, and the closing price was $14.98.
Investors who wish to gain exposure to the cybersecurity space can consider investing in the PureFunds ISE Cyber Security ETF (HACK). HACK has a portfolio of 32 stocks and invests ~5.0% of its holdings in FireEye.