FireEye (FEYE) closed at $17 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's daily gain of 0.7%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 0.69%.
Prior to today's trading, shares of the computer security software company had lost 0.58% over the past month. This has lagged the Computer and Technology sector's gain of 3.68% and the S&P 500's gain of 1.95% in that time.
Wall Street will be looking for positivity from FEYE as it approaches its nex t earnings report date. The company is expected to report EPS of -$0.02, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $210.13 million, up 5.56% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.19 per share and revenue of $885.60 million, which would represent changes of +137.5% and +6.58%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for FEYE. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FEYE is currently a Zacks Rank #3 (Hold).
Investors should also note FEYE's current valuation metrics, including its Forward P/E ratio of 89.11. This represents a premium compared to its industry's average Forward P/E of 45.08.
Also, we should mention that FEYE has a PEG ratio of 5.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Security stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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