FireEye, Inc. is a cybersecurity solutions provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FEYE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that FireEye could be a solid choice for investors.
Current Quarter Estimates for FEYE
In the past 30 days, two estimates have gone higher for FireEye while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 43 cents a share 30 days ago, to a loss of 39 cents today, a move of 9.3%.
Current Year Estimates for FEYE
Meanwhile, FireEye’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.50 per share 30 days ago to a loss of $1.27 per share today, an increase of 15.3%.
Bottom Line
The stock has also started to move higher lately, adding 20.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Earnings Estimates Moving Higher for FireEye (FEYE): Time to Buy?
FireEye, Inc. is a cybersecurity solutions provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FEYE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that FireEye could be a solid choice for investors.
Current Quarter Estimates for FEYE
In the past 30 days, two estimates have gone higher for FireEye while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 43 cents a share 30 days ago, to a loss of 39 cents today, a move of 9.3%.
Current Year Estimates for FEYE
Meanwhile, FireEye’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.50 per share 30 days ago to a loss of $1.27 per share today, an increase of 15.3%.
FireEye, Inc. Price and Consensus
FireEye, Inc. Price and Consensus | FireEye, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 20.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>