After hours: 6:22PM EDT
|Bid||15.61 x 900|
|Ask||15.70 x 4000|
|Day's Range||15.80 - 16.23|
|52 Week Range||14.20 - 20.61|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.15|
Will Fortinet Beat Earnings Estimates in Q1 2019?Revenue estimated at $471.8 million Cybersecurity (HACK) company Fortinet (FTNT) is scheduled to announce its first-quarter results on May 2. Analysts expect the company to post revenues of $471.8
Qualys' (QLYS) Q1 performance is likely to get a boost from partnerships, a healthy security market and increasing adoption of its products.
FireEye (FEYE) Q1 results are likely to benefit from a healthy security market and subscription-based products and services. However, higher operating expenses pose an overhang on margins.
FireEye (FEYE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) and FireEye, Inc. (FEYE) today announced that the intelligence-led security company has joined the RH-ISAC as an Associate member. Through this relationship, RH-ISAC’s analysts will have access to the FireEye® Helix™ security operations platform, providing deeper intelligence and analytics to further strengthen information shared by its members.
Will FireEye Beat Wall Street Estimates for Q1 2019?(Continued from Prior Part)Stock returns FireEye (FEYE) shares have burnt significant investor wealth. The stock has been listed since September 2013. FireEye’s share price rose from $36 in
Will FireEye Beat Wall Street Estimates for Q1 2019?(Continued from Prior Part)Expanding profit margins FireEye (FEYE) is not yet GAAP-profitable. Though the company has managed to improve its net margin from -104% in 2014 to -29.3% in 2018, it’s
Will FireEye Beat Wall Street Estimates for Q1 2019?(Continued from Prior Part)FireEye’s sales are expected to rise 6.7% in 2019The cybersecurity market continues to grow at a robust pace. Global security appliance revenue rose 16.7%
Will FireEye Beat Wall Street Estimates for Q1 2019?Revenue growth of 5.6%Cyber security (HACK) company FireEye (FEYE) is set to announce its first-quarter earnings results on April 30. Analysts expect the company to post sales of $210.2 million in
FireEye (FEYE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
If you look closely, there are signs of progress at FireEye (NASDAQ:FEYE). The cybersecurity company has been a disappointment, admittedly: FireEye stock once traded above $90, and now changes hands at $16. But FireEye generally has performed well in the past couple of years, and there's reason to see further improvements ahead.Source: David via Flickr (Modified)Growth in billings (which back out deferred revenue changes) shows demand is increasing, particularly as the company shifts from appliances to software. Operating margins are exceedingly thin, just 3% on an adjusted basis in 2018, which means earnings can jump sharply with even modest expansion.An ~80x multiple to the midpoint of 2019 EPS guidance makes it seem like FEYE stock is pricing in massive growth, but that's not quite the case. Margins can easily double or triple, which alone can move earnings substantially higher in coming years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut even with that case, and even with FireEye stock basically flat YTD, it's difficult to get too excited. Margin expansion looks priced in. So does decent billings growth. That's particularly true when considering stock-based compensation and the fact that investors shouldn't be willing to trust FireEye just yet. * 10 S&P 500 Stocks to Weather the Earnings Storm The Case for FireEye StockOn its face, FireEye stock looks ridiculously expensive. Multiples of 4x+ EV/revenue and ~80x earnings hardly seem fitting for a company that at the midpoint of guidance expects billings to grow 7%+ in 2019 - and revenue just 6.5%.Indeed, that guidance was disappointing, and it was the key reason why FEYE fell 12% after Q4 earnings back in February. But even with modest top-line growth, there's still a case that FireEye stock can grow into its valuation. Operating margins last year, as noted, were just 3%.That was a 300 bps improvement over the ~flat figure posted the year before. Full-year guidance projects margins this year of 5-6% - continuing the positive trend.Combine a move to 9-10% margins along with revenue growth and FireEye earnings double in relatively short order. Indeed, FEYE stock jumped last month when JPMorgan Chase (NYSE:JPM) analysts upgraded the stock for similar reasons. The firm saw revenue growth accelerating thanks to product improvements - which should leverage operating expenses and continue margin expansion.JPMorgan also pointed out that the shift to software impacts reported revenue and earnings, since upfront sales are recognized over the course of the contract. The firm said billings and cash flow were better metrics. Indeed, FireEye's free cash flow guidance for 2019 suggests generation of $50-$60 million. That's a more reasonable 58x P/FCF multiple at the midpoint.Double that thanks to margin expansion, and continue high-single-digit billings growth into the future, and FEYE can grow into, and beyond the current valuation. The firm gave FireEye stock a price target of $20, which is line with the average Street target at the moment, and suggests over 20% upside. The Case Against FireEye StockThere are reasons for caution, however. For one, it's not guaranteed that margins are going to expand continuously or at least at the same rate as seen in 2018 and 2019. Management did say on the Q4 conference call that it expected headcount to stay relatively flat this year.That's not necessarily going to be the case going forward. FireEye isn't guaranteed to get two or three points of operating leverage each year. If it doesn't, earnings growth might not be good enough. To drive upside, FireEye has to at least get EPS moving toward the $1 level. It's guided to just $0.17-$0.21 this year. Something like 200-300% growth is easily priced in already, and if margin expansion slows, that type of growth is going to take several years.The second issue is that cybersecurity is a tough space with no shortage of options. Indeed I called out 5 cybersecurity stocks for investors of varying styles earlier this month. Palo Alto Networks (NYSE:PANW) is the clear industry leader. ProofPoint (NASDAQ:PFPT) is the hot young growth stock. Carbonite (NASDAQ:CARB) offers a turnaround story of its own.There are plenty of reasons to like the sector but the plethora of options suggests investors can find an easier, better-priced bull case than the one offered by FEYE.Finally - as is so often the case in tech - there's the issue of stock-based compensation. FireEye is targeting operating margins of 5-6% next year, and $50-$60 million in free cash flow. Stock-based compensation last year was $153 million, over 18% of revenue.Even if that figure falls in 2019, it significantly colors non-GAAP results (from which the compensation is excluded). Is FireEye really generating mid-single-digit margins? Is it really generating $50M+ in free cash flow? Or is just accomplishing those feats by diluting shareholders? Good, but Not GreatThe underlying story when it comes to FireEye makes some sense, admittedly. Margins should get better. Billings growth should continue - and may even accelerate.But even with FEYE lagging the market so far this year, the valuation really isn't compelling. There's still a lot of work left to do in terms of building margins and a long time for investors to wait. Competition is going to be intense, and it's tough, as yet, to call out FireEye as a clear leader. Given all that, in a hot sector, it seems like there are better choices out there.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post The Case for FireEye Stock Isn't Strong Enough to Make It a Buy appeared first on InvestorPlace.
How Are Cybersecurity Stocks Trading Compared to Valuations?(Continued from Prior Part)Stock returns Cybersecurity (HACK) stock FireEye (FEYE) has taken investors on a volatile ride over the last few years. The stock generated returns of -16% in the
FireEye (FEYE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Are These Tech Stocks Overvalued after Nearing 52-Week Highs?(Continued from Prior Part)Stock returnsCybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months. The stock easily outperformed broader markets last
Cybersecurity firm FireEye Inc. plans to bolster its presence in Northern Virginia with the expansion of its security operations center in Reston. Milpitas, California-based FireEye (NASDAQ: FEYE) also has an office in Alexandria, and it plans to move into new space there. In Reston, its expanded facility at 11955 Freedom Drive will house 300 employees and has room for future growth as the epicenter of operations for FireEye Managed Defense, where analysts monitor and engage cyber threats 24/7.
FireEye, Inc. (FEYE), the intelligence-led security company, today announced the expansion of its Reston Virginia footprint with a larger office space, reinforcing the company’s long-term investment in growing cyber talent in the Dulles Tech Corridor. In today’s environment of unprecedented attacks by sophisticated threat actors, the role FireEye has played in protecting people and organizations has scaled as well. FireEye has been growing its presence in Reston and Alexandria since 2011.
A small handful of the Bay Area's largest tech employers, including Facebook, Palo Alto Networks, Splunk and Broadcom, pay their median employee above $200,000 per year.
A highly capable hacker group reportedly behind a failed plot to blow up aSaudi petrochemical plant has now been found in a second facility
FireEye Inc NASDAQ/NGS:FEYEView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FEYE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $638 million over the last one-month into ETFs that hold FEYE are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like FireEye, Inc. (NASDAQ:FE...
FireEye, Inc. (FEYE), the intelligence-led security company, today announced that it will release financial results for its first quarter 2019 on Tuesday, April 30, 2019 after the close of the U.S. markets. FireEye will host a conference call the same day at 5 p.m. EDT (2 p.m. PDT) to discuss the results. FireEye is the intelligence-led security company.
Updates from Alphabet: Smart Speakers, Google+, and Other Bets(Continued from Prior Part)Chronicle launches cybersecurity product called Backstory Alphabet’s (GOOGL) little-known subsidiary called Chronicle is going for a huge prize: the $300
To determine the 2019 5-Star ratings, The Channel Company’s research team assessed each supplier’s partner program based on investments in program offerings, partner profitability, partner training, education and support, marketing programs and resources, sales support, and communication.
Company receives highest possible scores across eight criteria; report finds that “FireEye would be an excellent partner to improve your ability to respond to incidents.”