U.S. Markets open in 6 hrs 4 mins

Mizuho Stays Neutral On FireEye, Cites 'Low Organic Growth Profile'

Dave Royse

FireEye Inc.'s (NASDAQ: FEYE) stock continued to surge after it raised its third-quarter sales guidance Tuesday afternoon. But at least one sell-side analyst is staying on the sidelines, saying the growth potential is low.

The California-based cybersecurity company now sees third-quarter sales at or above the high end of its previous guidance range of $217 million to $221 million, pumping investors’ interest. The company kept its billings guidance in the prior range.

The Analyst

Mizuho’s Gregg Moskowitz remained Neutral on FireEye, with a $16 price target.

The Thesis

FireEye’s preliminary third-quarter results were better than expected and long-term guidance was “generally healthy,” Moskowitz wrote in a note.

And the stock is priced right.

But, “while FEYE's deep discount to the group remains somewhat intriguing to us, we continue to see a relatively low organic growth profile, and execution has been inconsistent over the past few years,” Moskowitz wrote.

Price Action

FireEye's stock was up 3.7% to $14.36 at publication time Wednesday.

Related Links:

16 Stocks Moving in Wednesday's Pre-Market Session

Analysts: FireEye Shows 'Encouraging Signs Of Growth,' But 'More Pain Ahead'

Latest Ratings for FEYE

Date Firm Action From To
Oct 2019 Initiates Coverage On Hold
Aug 2019 Initiates Coverage On Buy
Jul 2019 Maintains Neutral

View More Analyst Ratings for FEYE
View the Latest Analyst Ratings

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Is CareDx, Inc. (CDNA) A Good Stock To Buy?
    Business
    Insider Monkey

    Is CareDx, Inc. (CDNA) A Good Stock To Buy?

    One of these stocks was CareDx, Inc. (NASDAQ:CDNA). CareDx, Inc. (NASDAQ:CDNA) was in 22 hedge funds' portfolios at the end of the third quarter of 2019. CDNA investors should pay attention to a decrease in support from the world's most elite money managers of late.

  • Business
    Financial Times

    Tesco considers sale of Asian businesses

    UK supermarket chain Tesco is considering a sale of its Asian businesses following an approach from a third party investor. Tesco, which is one of the world's largest grocery chains, said on Sunday that following “inbound interest” it had decided to review its supermarket businesses in Thailand and Malaysia, including a possible sale. The Thai business in particular is considered a “jewel in Tesco's crown”, said Clive Black, an analyst at Shore Capital, who added that any bid would have to be “knockout” for the company's board to consider it and would likely be in the “mid to high billions of pounds”.

  • Did Hedge Funds Drop The Ball On Amedisys Inc (AMED)?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Amedisys Inc (AMED)?

    These money managers have their hands on the majority of all hedge funds' total asset base, and by paying attention to their best investments, Insider Monkey has brought to light various investment strategies that have historically outperformed the S&P 500 index. Insider Monkey's flagship short hedge fund strategy outpaced the S&P 500 short ETFs by around 20 percentage points per annum since its inception in May 2014. Our portfolio of short stocks lost 27.8% since February 2017 (through November 21st) even though the market was up more than 39% during the same period.

  • Business
    MarketWatch

    Tullow Oil cuts guidance for oil production and CEO resigns

    Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company (UK:TLW) said that despite a solid financial performance, it expects net production in 2019 to average around 87,000 barrels of oil per day due largely to lower production from the TEN and Jubilee fields in Ghana. Going forward, Tullow said that it expects 2020 group production to average between 70,000 barrels a day and 80,000 barrels a day, and for an average rate of around 70,000 barrels a day for the following three years.

  • Did Hedge Funds Drop The Ball On Tech Data Corp (TECD) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Tech Data Corp (TECD) ?

    With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. With this in mind, as the current round of 13F filings has just ended, let's examine the smart money sentiment towards Tech Data Corp (NASDAQ:TECD). Tech Data Corp (NASDAQ:TECD) shareholders have witnessed an increase in hedge fund interest of late.

  • 2 Children in North Carolina Charged With Involuntary Manslaughter
    U.S.
    Meredith Videos

    2 Children in North Carolina Charged With Involuntary Manslaughter

    Authorities in North Carolina say they've charged an 11-year-old boy and a 12-year-old girl with involuntary manslaughter after they got into a physical altercation with another child who was struck by a vehicle and killed

  • Did Hedge Funds Drop The Ball On Mr. Cooper Group Inc. (COOP) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Mr. Cooper Group Inc. (COOP) ?

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Mr. Cooper Group Inc. NASDAQ:COOP). Is Mr. Cooper Group Inc.

  • Estimating The Intrinsic Value Of Birchcliff Energy Ltd. (TSE:BIR)
    Business
    Simply Wall St.

    Estimating The Intrinsic Value Of Birchcliff Energy Ltd. (TSE:BIR)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Birchcliff Energy Ltd. (TSE:BIR) as an investment opportunity by taking the foreast future cash flows of the company and discounting them back to today's value. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

  • Business
    Reuters

    UPDATE 1-France's Sanofi to buy biotech firm Synthorx for $2.5 bln

    Sanofi said on Monday it had agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion aimed at beefing up the French drugmaker's pipeline of drugs for cancer and auto-immune disorders. Under the deal, Sanofi has offered to buy all the outstanding shares of Synthorx common stock for $68 per share in cash. "This acquisition ... is aligned with our goal to build our oncology franchise with potentially practice-changing medicines and novel combinations," Sanofi Chief Executive Paul Hudson said in a statement.

  • Dow Jones Futures: Stock Market Rally Awaits Trump's China Trade War Decision
    Business
    Investor's Business Daily

    Dow Jones Futures: Stock Market Rally Awaits Trump's China Trade War Decision

    That could have a major impact for the stock market rally and big China-tied leaders such as Apple stock, AMD stock, ASML stock and Alibaba stock. Also, new IPO stock Datadog may come under pressure Monday due to an early, partial lock-up expiration. Datadog stock fell sharply Friday.

  • China says hopes it can reach trade agreement with U.S. as soon as possible
    World
    Reuters

    China says hopes it can reach trade agreement with U.S. as soon as possible

    China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach a trade agreement with the United States that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday. "On the question of China-U.S. trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others' core interests, reach an agreement that satisfies all sides as soon as possible," Ren said.

  • Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Nokia Corporation (NOK) Going To Burn These Hedge Funds ?

    A duo of the best tools are hedge fund and insider trading signals. We have shown that, historically, those who follow the best picks of the elite hedge fund managers can outclass the S&P 500 by a healthy amount (see the details here). Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns.

  • Is JetBlue Airways Corporation (JBLU) A Good Stock To Buy ?
    Business
    Insider Monkey

    Is JetBlue Airways Corporation (JBLU) A Good Stock To Buy ?

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like JetBlue Airways Corporation (NASDAQ:JBLU). Is JetBlue Airways Corporation (NASDAQ:JBLU) a buy here? Hedge funds are taking a pessimistic view.

  • A United Airlines Passenger Was Stung by a Scorpion While in the Air
    U.S.
    Meredith Videos

    A United Airlines Passenger Was Stung by a Scorpion While in the Air

    A scorpion stung a passenger on a United Airlines flight on Thursday, sending her to the hospital.

  • Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace
    Business
    The Wall Street Journal

    Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace

    The S&P 500 is having its best run in six years, but individual investors are fleeing stock funds at the fastest pace in decades, according to data from Refinitiv Lipper.

  • Amazon Faces U.K. Antitrust Decision to Allow Stake in Deliveroo
    Business
    Bloomberg

    Amazon Faces U.K. Antitrust Decision to Allow Stake in Deliveroo

    Amazon.com Inc.'s bid to buy into one of the U.K.'s most successful startups may get caught up in antitrust authorities' fear that they made mistakes in the past. The Competition and Markets Authority has until Wednesday to decide whether to continue a two-month-old probe that froze Amazon's bid of around $500 million for a minority stake in food-delivery service Deliveroo. Authorities were put off over Facebook Inc.'s change of position on how it handled data from WhatsApp, prompting EU officials to accuse the company of misleading them to win approval for the takeover in 2014.

  • Finland’s Sanna Marin, 34, will be the world’s youngest sitting prime minister
    World
    Quartz

    Finland’s Sanna Marin, 34, will be the world’s youngest sitting prime minister

    Sanna Marin, Finland's 34-year-old transportation minister, was selected today (Dec. 8) as the country's prime minister, making her the youngest leader to ever hold the job, and the world's youngest sitting PM. Marin will be taking over from Antii Rinne, who resigned from the position last week after just six months on the job, following controversy over his handling of a postal strike. Like Rinne, Marin is a member of the Social Democratic Party, the largest in Finland's five-member ruling coalition. Finland's government is now led by these five party leaders.

  • AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC
    Business
    Bloomberg

    AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC

    Democratic Representative Alexandria Ocasio-Cortez and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc. and other technology giants leased millions of square feet of office space in New York City -- without the billions of dollars in government support that Amazon tried to negotiate earlier this year. Amazon signed a lease on Friday for 335,000 square feet in the Hudson Yards neighborhood, enough space for more than 1,500 workers.

  • Hedge Funds Are Dumping XPO Logistics Inc (NYSE:XPO)
    Business
    Insider Monkey

    Hedge Funds Are Dumping XPO Logistics Inc (NYSE:XPO)

    We can judge whether XPO Logistics Inc (NYSE:XPO) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, our research shows that these picks historically outperformed the market when we factor in known risk factors.

  • China’s Third-Richest Man Set for $2 Billion Evergrande Cash
    Business
    Bloomberg

    China’s Third-Richest Man Set for $2 Billion Evergrande Cash

    Evergrande has poured billions of dollars into acquisitions as Hui pursues an ambition to make the company the world's biggest maker of electric cars in the next three to five years. The cash burning foray into electric-cars comes as Evergrande's net debt-to-equity ratio hovers around 153%, one of the highest among Chinese developers. What Bloomberg Opinion says: Evergrande's dividend “is set to further aggravate its cash crunch.

  • Did Hedge Funds Drop The Ball On Realogy Holdings Corp (RLGY) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Realogy Holdings Corp (RLGY) ?

    In this article, we use our extensive database of hedge fund holdings to find out what the smart money thinks of Realogy Holdings Corp (NYSE:RLGY). Realogy Holdings Corp (NYSE:RLGY) was in 23 hedge funds' portfolios at the end of September. RLGY investors should be aware of a decrease in activity from the world's largest hedge funds of late.

  • Hedge Funds Are Buying Novo Nordisk A/S  (NVO)
    Business
    Insider Monkey

    Hedge Funds Are Buying Novo Nordisk A/S (NVO)

    The largest stake in Novo Nordisk A/S (NYSE:NVO) was held by Renaissance Technologies, which reported holding $1281.5 million worth of stock at the end of September. It was followed by Fisher Asset Management with a $786.4 million position. Other investors bullish on the company included Partner Fund Management, Arrowstreet Capital, and Alyeska Investment Group.

  • 5-Year-Old Carried a Toddler Through Minus 31-Degree Weather After Left Alone in Alaska Home
    News
    Time

    5-Year-Old Carried a Toddler Through Minus 31-Degree Weather After Left Alone in Alaska Home

    A 5-year-old carried a toddler about half a mile in frigid Alaska weather this week, after the pair were left at home by themselves, according to the Alaska State Troopers. After the power went out at the house, the 5-year-old “became scared,” picked up the 18-month-old child and walked to a neighbor's house in the Village of Venetie, according to the State of Alaska Department of Public Safety. The village, which is in northeastern Alaska, is south of the Arctic National Wildlife Refuge.

  • Here's What Applied Materials, Inc.'s (NASDAQ:AMAT) ROCE Can Tell Us
    Business
    Simply Wall St.

    Here's What Applied Materials, Inc.'s (NASDAQ:AMAT) ROCE Can Tell Us

    Today we'll look at Applied Materials, Inc. (NASDAQ:AMAT) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. First of all, we'll work out how to calculate ROCE.

  • Did Hedge Funds Drop The Ball On Teva Pharmaceutical Industries Limited (TEVA) ?
    Business
    Insider Monkey

    Did Hedge Funds Drop The Ball On Teva Pharmaceutical Industries Limited (TEVA) ?

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Teva Pharmaceutical Industries Limited (NYSE:TEVA). Is Teva Pharmaceutical Industries Limited (NYSE:TEVA) undervalued? Prominent investors are selling.