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Do Analysts Think FireEye Is Worth Buying Now?

FireEye Inc. (NASDAQ: FEYE) reported its first-quarter financial results after the markets closed on Thursday. This quarter was thoroughly underwhelming for investors, despite beating analysts’ estimates on the bottom line. As a result, analysts piled into the stock, and a lot of them lowered their targets.

24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about FireEye after the fact.

The company said it had a net loss of $0.47 per share on $168.0 million in revenue, versus consensus estimates from Thomson Reuters that called for a net loss of $0.50 per share on $171.82 million in revenue. In the same period of the previous year, FireEye posted a net loss of $0.48 per share on revenue of $125.37 million.

Revenue for the first quarter increased 34% year over year. At the same time, billings totaled $186...