NasdaqGS:FEYE

Stock Analysis Report

Executive Summary

FireEye, Inc. provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has FireEye's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

8.8%

FEYE

1.1%

US Software

1.0%

US Market


1 Year Return

-10.9%

FEYE

24.2%

US Software

6.7%

US Market

Return vs Industry: FEYE underperformed the US Software industry which returned 24.2% over the past year.

Return vs Market: FEYE underperformed the US Market which returned 6.7% over the past year.


Share holder returns

FEYEIndustryMarket
7 Day8.8%1.1%1.0%
30 Day8.3%-0.6%-1.8%
90 Day-1.8%-3.0%-1.8%
1 Year-10.9%-10.9%25.9%24.2%9.1%6.7%
3 Year21.8%21.8%123.3%114.6%46.1%36.6%
5 Year-49.1%-49.1%180.8%160.4%66.9%48.6%

Price Volatility Vs. Market

How volatile is FireEye's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FireEye undervalued based on future cash flows and its price relative to the stock market?

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: FEYE ($15.08) is trading below our estimate of fair value ($20.73)

Significantly Undervalued: FEYE is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: FEYE is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: FEYE is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate FEYE's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: FEYE is good value based on its PB Ratio (4.4x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is FireEye expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: FEYE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FEYE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FEYE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FEYE's revenue (8.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: FEYE's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: FEYE's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has FireEye performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FEYE is unprofitable, but has reduced losses over the past 5 years at a rate of 12.1% per year.

Accelerating Growth: Unable to compare FEYE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FEYE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: FEYE has a negative Return on Equity (-33.09%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FEYE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FEYE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is FireEye's financial position?


Financial Position Analysis

Short Term Liabilities: FEYE's short term assets ($1.2B) exceeds its short term liabilities ($784.0M)

Long Term Liabilities: FEYE's short term assets (1.2B) do not cover its long term liabilities (1.3B)


Debt to Equity History and Analysis

Debt Level: FEYE's debt to equity ratio (135.3%) is considered high

Reducing Debt: Insufficient data to determine if FEYE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: FEYE has a low level of unsold assets or inventory.

Debt Coverage by Assets: FEYE's debt is covered by short term assets (assets are 1.236970x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FEYE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FEYE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.4% per year.


Next Steps

Dividend

What is FireEye's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate FEYE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FEYE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FEYE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FEYE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FEYE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of FireEye's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Kevin Mandia (48yo)

3.3yrs

Tenure

US$6,544,668

Compensation

Mr. Kevin R. Mandia has been the Chief Executive Officer of FireEye, Inc. since June 15, 2016. Mr. Mandia has been Director at Awake Security, Inc. since 2019. Mr. Mandia was a Strategic Advisor of Trident ...


CEO Compensation Analysis

Compensation vs. Market: Kevin's total compensation ($USD6.54M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.2yrs

Average Tenure

48yo

Average Age

Experienced Management: FEYE's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

53yo

Average Age

Experienced Board: FEYE's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: FEYE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$139,83019 Aug 19
Frank Verdecanna
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares10,525
Max PriceUS$13.29
SellUS$83,91119 Aug 19
William Robbins
EntityIndividual
Role
Head of Sales
Executive Vice President of Worldwide Sales
Shares6,316
Max PriceUS$13.29
SellUS$229,36620 Jun 19
Kevin Mandia
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares15,616
Max PriceUS$14.69
SellUS$229,36620 Jun 19
Travis Reese
EntityIndividual
Role
President
President
Shares15,616
Max PriceUS$14.69
SellUS$3,18220 May 19
Frank Verdecanna
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares207
Max PriceUS$15.37
SellUS$96,99620 May 19
William Robbins
EntityIndividual
Role
Head of Sales
Executive Vice President of Worldwide Sales
Shares6,310
Max PriceUS$15.37
SellUS$48,51320 May 19
Travis Reese
EntityIndividual
Role
President
President
Shares3,156
Max PriceUS$15.37
SellUS$48,51320 May 19
Alexa King
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares3,156
Max PriceUS$15.37
SellUS$931,85520 Feb 19
Frank Verdecanna
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares55,775
Max PriceUS$16.71
SellUS$802,28920 Feb 19
William Robbins
EntityIndividual
Role
Head of Sales
Executive Vice President of Worldwide Sales
Shares48,020
Max PriceUS$16.71
SellUS$1,697,75620 Feb 19
Travis Reese
EntityIndividual
Role
President
President
Shares101,617
Max PriceUS$16.71
SellUS$847,01520 Feb 19
Alexa King
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares50,697
Max PriceUS$16.71
SellUS$2,76920 Feb 19
Kevin Mandia
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares165.73
Max PriceUS$16.71
SellUS$9,96620 Nov 18
Frank Verdecanna
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares534
Max PriceUS$18.66
SellUS$115,46520 Nov 18
William Robbins
EntityIndividual
Role
Head of Sales
Executive Vice President of Worldwide Sales
Shares6,187
Max PriceUS$18.66
SellUS$57,74220 Nov 18
Travis Reese
EntityIndividual
Role
President
President
Shares3,094
Max PriceUS$18.66

Ownership Breakdown


Management Team

  • Frank Verdecanna (48yo)

    Executive VP

    • Tenure: 2.7yrs
    • Compensation: US$3.08m
  • Kate Patterson

    Vice President of Investor Relations

    • Tenure: 6.5yrs
  • Travis Reese (47yo)

    President

    • Tenure: 3.3yrs
    • Compensation: US$4.97m
  • Bill Robbins (52yo)

    Executive Vice President of Worldwide Sales

    • Tenure: 2.9yrs
    • Compensation: US$4.06m
  • Kevin Mandia (48yo)

    CEO & Director

    • Tenure: 3.3yrs
    • Compensation: US$6.54m
  • Grady Summers (42yo)

    Executive Vice President of Products & Customer Success

    • Tenure: 0.08yrs
  • Alexa King (51yo)

    Executive VP

    • Tenure: 7.5yrs
    • Compensation: US$1.97m
  • Barbara Massa

    Executive Vice President of People & Places

    • Tenure: 3yrs
  • Jason Martin

    Executive Vice President of Research & Engineering

    • Tenure: 3.8yrs
  • Vasu Jakkal

    Executive VP & Chief Marketing Officer

    • Tenure: 2.1yrs

Board Members

  • Bob Switz (73yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$207.00k
  • Enrique Salem (53yo)

    Independent Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: US$257.49k
  • Ron Codd (64yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$218.24k
  • Steve Pusey (57yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$204.99k
  • Kimberly Alexy (49yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$166.87k
  • Kevin Mandia (48yo)

    CEO & Director

    • Tenure: 3.3yrs
    • Compensation: US$6.54m
  • Adrian McDermott (50yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

FireEye, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FireEye, Inc.
  • Ticker: FEYE
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$3.188b
  • Shares outstanding: 211.42m
  • Website: https://www.fireeye.com

Number of Employees


Location

  • FireEye, Inc.
  • 601 McCarthy Boulevard
  • Milpitas
  • California
  • 95035
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FEYENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 2013
F9EDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2013
0QZYLSE (London Stock Exchange)YesCommon StockGBUSDSep 2013

Biography

FireEye, Inc. provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:59
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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