ValuEngine - Zacks Investment Research

[Pages:11]ValuEngineTM

The Leader in Stock Valuation and Forecasting

RATING AND FORECAST REPORT

Company Name: FIREEYE INC Ticker: FEYE

Sep. 28, 2021

TABLE OF CONTENTS

? Data Summary

1

? ValuEngine Recommendation

1

? Forecast Analysis

1

? Price and Recommendation History

1

? ValuEngine Evaluation & Rankings

2

? Comparison to Industry

2

? Comparison with Peers

3

? Analyst Opinions

4

? EPS Consensus Expectations

4

? Business Summary

4

? Annual Financials

5

? Quarterly Financials

7

? ValuEngine Service Descriptions

9

? ValuEngine's Methodology

10



ValuEngine Inc., PO Box 399, Melbourne, FL 32902, U.S.A. support@ Tel: (321) 325-0519

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

DATA SUMMARY

Sector: Computer and Technology

Last Close: $18.05

Trade Date: Sep 27, 2021

Valuation: 8.19%

Market Cap (bil): 4.30

M/B Ratio: 4.08

5-Yr Avg Return: 4.73%

Beta: 1.12

52-Wk High: $25.53

Alpha: -0.07

Shares Outs(mil): 238.45

Industry: Util-Gas Distr 1-Yr Forecast: 1.04% EPS Growth: -174.42% Volatility: 40.61% 52-Wk Low: $12.30

1-Yr Momentum: 40.41% P/S Ratio: 5.09 Sharpe Ratio: 0.12 Avg Volume: 3228775

VALUENGINE RECOMMENDATION

NEGATIVE NEUTRAL underperform match

ValuEngine Rating

POSITIVE outperform

ValuEngine recommendation covers more than 5000 companies. The recommendations are based on the proprietary ValuEngine one-year forecast return model output for each individual equity. ValuEngine's Five-Engine rating stocks have an averaged annual return of 16.02% since 2002.

FORECAST ANALYSIS

Target Price Exp. Return

1-Month $18.07

0.09%

3-Month $18.37

1.77%

6-Month $18.74

3.83%

1-Year $18.24

1.04%

2-Year $21.82

20.88%

3-Year $21.84

21.01%

The predictive variables used in Valuengine's forecast model include both proprietary and well-established variables derived from credible financial studies and publications. We use a distinct forecasting model for each time horizon and apply the most advanced statistical/econometric techniques to ensure that our stock return forecasts are as reliable as possible. Click for more information on ValuEngine's models.

PRICE AND RECOMMENDATION HISTORY

M a r k e t P r i c e Volume Buy Hold S e l l

(Mil.)

$20.00 $15.00 $10.00

$5.00 $0.00

7.5 5.0 2.5 0.0

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Most Recent Recommendation Changes

Jul 31, 2020 Downgrade to Hold

May 01, 2020 Upgrade to Buy

Sep 25, 2018 Upgrade to Hold

Past Performance

Last One Month

-2.70%

Last Three Month -13.92%

Last Six Month

-8.24%

Last One Year

40.41%

CONTACT VALUENGINE

ValuEngine Inc.

PO Box 399 Melbourne, FL 32902 (321) 325-0519 (T) support@

ValuEngine's fundamentally-based, quant-derived research is now available to private investors. ValuEngine's research will enhance your ability to evaluate individual stocks, manage your portfolio and allocate capital for maximum returns. ValuEngine currently covers @5500 US equities as well as most major Canadian stocks.

? 2021 ValuEngine Inc. All rights reserved.



page 1

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

VALUENGINE EVALUATION & RANKINGS

1-Yr Forecast Valuation 1-Yr Momentum P/E Ratio Market Cap EPS Growth 5-Yr Avg Return Volatility Sharpe Ratio P/S Ratio M/B Ratio Surprise

Value 1.04% 8.19% 40.41%

4.30B -174.42%

4.73% 40.61%

0.12 5.09 4.08 -52.50%

Rank 60 40 59 28 76 2 58 45 54 33 44 11

Just as important as the percentages shown for our predictive variables for each stock is the way they are ranked against @7000 stocks in our database. This is sometimes confusing to newcomers to ValuEngine. Each of these quantitative measurements is ranked on a scale of 1 to 100. Generally the higher the ranking, the more positive the influence each measurement has on the overall attractiveness of the stock. In other words a high rank is always better. For example:

Forecast rank 60: 40% of stocks have higher forecast returns.

Valuation rank 40: 60% of stocks are more undervalued.

Momentum rank 59: 41% of stocks have higher momentum.

P/E rank 28: 72% of stocks have lower P/E ratios.

Size rank 76: 24% of stocks have higher market capitalization.

Volatility rank 45: 55% of stocks have less volatility.

COMPARISON TO INDUSTRY

1-Yr Forecast

FEYE

1.04%

Industry Sector

1.08%

*

*

1-Yr Momentum

FEYE

40.41%

Industry Sector

53.75%

S&P 500 32.57%

*

Valuation FEYE

*

8.19%

Industry Sector

21.25%

*

*

P/E Ratio

FEYE

Industry Sector

37.50

*

*

Market Cap (bil.)

FEYE

4.30

Industry Sector

14.29

*

Volatility FEYE

*

40.61%

Industry Sector

60.78%

S&P 500 19.24%

*

*

Rank

60

56

*

Rank

59

*

Rank

54 51

40

39

*

Rank

28

45

*

Rank

76

*

Rank

54 45

39 74

*

EPS Growth

FEYE

-174.42%

Industry Sector

34.94%

*

*

5-Yr Avg Return

FEYE

4.73%

Industry Sector

11.82%

S&P 500 3.05%

*

P/S Ratio FEYE

*

5.09

Industry

Sector

7.05

*

M/B Ratio FEYE

*

4.08

Industry Sector

11.71

*

Surprise FEYE

*

-52.50%

Industry Sector

22.24%

*

*

SharpeRatio

FEYE

0.12

Industry

Sector

0.23

S&P 500 0.16

*

*

Rank

2

*

Rank

49 58

60

54

*

Rank

33

46

*

Rank

44

39

*

Rank

11

55

*

Rank

54

57 58

*

? 2021 ValuEngine Inc. All rights reserved.



page 2

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

COMPARISON WITH PEERS

Ticker FEYE CYBR QLYS RDWR ABST

Company Name FIREEYE INC

CYBER-ARK SFTWR QUALYS INC

RADWARE LTD ABSOLUTE SOFTWR

VE Rating 3 3 3 3 4

1-Mon 0.09% 0.15% 0.23% 0.26% 0.50%

Return Forecast : Expected Return

3-Mon 6-Mon 1-Yr

2-Yr

1.77% 3.83% 1.04% 20.88%

3.32% 7.14% 1.79% 33.98%

2.62% 5.74% 2.70% 21.65%

2.52% 5.21% 3.12% 18.01%

1.99% 4.11% 5.86% 8.69%

3-Yr 21.01% 42.45% 14.88% 20.43% -1.47%

1-Yr Forecast

FEYE

1.04%

CYBR

1.79%

QLYS

2.70%

RDWR

3.12%

ABST

5.86%

1-Yr Momentum

FEYE

40.41%

CYBR

64.38%

QLYS

15.73%

RDWR

41.31%

ABST

1.23%

Valuation

FEYE

8.19%

CYBR

93.96%

QLYS

25.26%

RDWR

36.07%

ABST

P/E Ratio

FEYE

CYBR

QLYS

71.22

RDWR

80.40

ABST

34.16

Market Cap (bil.)

FEYE

4.30

CYBR

6.45

QLYS

4.55

RDWR

1.62

ABST

0.57

Volatility

FEYE

40.61%

CYBR

41.55%

QLYS

35.80%

RDWR

20.61%

ABST

30.35%

Rank

Rank

34 22

Rank

40 5

21 15

60 65 70 72 84

60 74

60

Rank

28 34 41 40 49

Rank

76 81

76 63 49

Rank

45 44

49 72

56

EPS Growth

FEYE

-174.42%

CYBR

-156.42%

QLYS

12.65%

RDWR

29.23%

ABST

98.02%

5-Yr Avg Return

FEYE

4.73%

CYBR

23.14%

QLYS

24.55%

RDWR

18.56%

ABST

17.81%

P/S Ratio

FEYE

5.09

CYBR

13.40

QLYS

11.85

RDWR

6.03

ABST

4.72

M/B Ratio

FEYE

4.08

CYBR

11.30

QLYS

12.08

RDWR

5.02

ABST

Surprise

FEYE

-52.50%

CYBR

2.99%

QLYS

-6.95%

RDWR

33.61%

ABST

23.34%

SharpeRatio

FEYE

0.12

CYBR

0.56

QLYS

0.69

RDWR

0.90

ABST

0.59

? 2021 ValuEngine Inc. All rights reserved.



Rank

2 2

46 63 85

Rank

58 88 89

84 83

Rank

33 16 18

29 35

Rank

44 22 21

38

Rank

11 37

24 76

67

Rank

54 82 86 91 83

page 3

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

ANALYST OPINIONS

Hold

The mean recommendation was calculated from the numbers provided by Zacks.

Current Mean:

3.45

Number of Analyst:

11

Strong Buy:

3

Buy: 1

Hold:

Sell: 0

Strong Sell: 1

Recommendation Mean Trend

Three Month Ago:

3.64

6

Two Month Ago:

3.64

One Month Ago:

3.50

Current:

3.45

222222222000000000222222222222111100000100010963296329

EPS CONSENSUS EXPECTATIONS

Quarter

202109 202112 202203 202206 202209

Mean

$-0.24 $-0.22 $-0.32 $-0.34 $-0.33

# of Estimates

3

3

1

1

1

High

$-0.08 $-0.06 $-0.32 $-0.34 $-0.33

Low

$-0.33 $-0.30 $-0.32 $-0.34 $-0.33

Same Qtr Last Yr

$-0.06 $-0.06 $-0.12 $-0.07 $-0.24

% Growth

-305.56 -266.67 -166.67 -385.71 -35.62

-----------------------------------------------

Qtr/Year/LTG

202109 202112 2021 2022 LTG

Mean - Current

$-0.24 $-0.22 $-0.94 $-0.74 15.11%

Mean - 7 Days Ago $-0.24 $-0.22 $-0.94 $-0.74 15.11%

Mean - 30 Days Ago $-0.24 $-0.22 $-0.79 $-0.63 15.11%

Mean - 60 Days Ago $-0.07 $-0.06 $-0.33 $-0.28 15.11%

Mean - 90 Days Ago $-0.07 $-0.06 $-0.33 $-0.28 15.11%

-----------------------------------------------

Year/LTG

2021 2022 2023 2024 LTG

Mean

$-0.94 $-0.74

15.11%

# of Estimates

3

3

0

0

2

High

$-0.34 $-0.31

17.00%

Low

$-1.28 $-1.29

13.23%

Previous Year

$-0.38 $-0.94 $-0.74

% Growth

-146.49 20.64

-----------------------------------------------

Quarter

202009 202012 202103 202106

Estimated EPS

$-0.05 $-0.02 $-0.10 $-0.10

Actual EPS

$-0.06 $-0.06 $-0.12 $-0.07

Difference

$-0.01 $-0.04 $-0.02 $0.03

% Surprise

-20.00 -200.00 -20.00 30.00

Quarterly EPS Trend

($0.10) ($0.20) ($0.30)

Annual EPS Trend

($0.40) ($0.50) ($0.60) ($0.70) ($0.80) ($0.90)

2020 2021 2022

BUSINESS SUMMARY

FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California.

? 2021 ValuEngine Inc. All rights reserved.



page 4

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

ANNUAL FINANCIALS (All numbers in millions)

Balance Sheet Cash Marketable Securities Receivables Inventory Raw Materials Work in Progress Finished Goods Notes Receivable Other Current Assets Total Current Assets Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment Investment & Advances Other non-current Assets Deferred Charges Intangibles Deposits & other assets TOTAL ASSETS

201312 173.91

95.77 5.66

201412 146.36 255.84 193.18 7.95

201512 402.10 767.77 172.75 13.74

201612 223.66 712.05 121.15 5.95

201712 180.89 715.91 140.04 5.74

201812 409.83 706.69 157.82 6.55

201912 334.60 704.96 171.46 5.89

202012 676.45 624.82 153.57 4.02

39.81 315.16

79.85 15.08 64.76

53.79 657.13 132.16

49.86 82.29

30.88 1387 176.42 98.06 78.36

25.08 1088 201.63 139.78 61.85

34.54 1077 229.00 157.64 71.35

100.29 1381

248.19 159.03

89.16

96.83 1314 283.38 189.57 93.81

103.37 1562

298.79 219.02

79.77

1.07 987.70

7.60 1376

1012 7.53 1759

964.84 10.99 2441

1222 10.91 2383

1172 11.53 2332

1143 82.77 2696

1340 84.47 2890

1491 74.66 3246

Notes Payable Accounts Payable Current Portion of Long-term Debt Current Portion of Capital Leases Accrued Expenses Income Taxes Payable Other Current Liabilities Total Current Liabilities Mortgages Deferred Charges (taxes/income) Convertible Debt Long Term Debt Non-Current Capital Leases Other Long-Term Liabilities TOTAL LIABILITIES Minority Interest (liabilities) Preferred Stock Common Stock, Net Capital Surplus Retained Earnings Treasury Stock Other Liabilities SHAREHOLDERS' EQUITY TOTAL LIABILITES & SHAREHOLDERS

34.12 34.05

51.11 89.14

118.72 203.96

203.87 327.08

122.12 173.56

2.12 328.21

7.40 508.05

0.01 1272 -223.50

0.01 1919 -667.29

1048 1376

-0.44 1251 1759

43.65

109.11

305.16 457.93

221.82 706.19

11.14 1397

0.01 2403 -1207 150.00 -2.22 1044 2441

20.26

119.00

397.11 536.38

256.39 741.98

7.08 1542

0.01 2683 -1690 150.00 -1.74 841.11 2383

35.68

79.15

443.06 557.90

227.68 779.57

22.10 1587

0.01 2891 -1994 150.00 -2.88 744.81 2332

26.94

93.61

556.82 677.36

378.01 962.58

27.73 2046

0.02 3152 -2349 150.00 -2.30 650.39 2696

26.27 117.29

84.01

603.94 849.95

370.62 893.27

4.49 2189

0.02 3457 -2607 150.00 1.18 701.67 2890

5.11

118.90

613.71 753.74

342.75 960.90

12.34 2112

401.05 0.02 3623

-2814 80.00

3.83 1134 3246

? 2021 ValuEngine Inc. All rights reserved.



page 5

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

ANNUAL FINANCIALS (All numbers in millions)

Income Statement Net Sales or Revenues Cost of Goods Sold Gross Profit Research & Development Expense Selling, General, & Admin. Expense Income Before Deprec.,Depletion,Amort. Depreciation,Depletion,Amortization Non-Operating Income Interest Expense Pretax Income Provision for Income Taxes Minority Interest Investment Gains (Losses) Other Income Income Before Extraordinaries & Disc Extraordinary Items & Discontinued Net Income

201312 161.55 47.76 113.78 66.03 219.96 -172.21

201412 425.66 175.09 250.56 203.18 526.57 -479.19

201512 622.96 233.20 389.76 279.46 617.95 -507.66

201612 714.11 271.86 442.24 279.59 606.96 -444.31

201712 751.08 268.88 482.19 243.27 497.53 -258.60

201812 830.95 272.48 558.47 254.14 486.73 -182.40

201912 889.15 308.89 580.26 271.33 518.97 -210.03

202012 940.58 334.03 606.56 252.77 508.96 -155.17

-7.18 0.52 -179.93 -59.29

-1.22 0.02 -480.44 -36.65

-0.34 27.11 -535.12

4.09

3.33 47.86 -488.85 -8.72

9.31 49.76 -299.05

4.63

1.23 56.43 -237.60

5.52

20.24 61.93 -251.72

5.69

10.83 60.07 -204.41

2.89

-120.63 -443.79 -539.21 -480.12 -303.69 -243.12 -257.41 -207.30 -120.63 -443.79 -539.21 -480.12 -303.69 -243.12 -257.41 -207.30

EPS - Basic, net EPS - Diluted, net EPS - Diluted, before non-recurring items

-2.66 -2.66 -3.39

-3.12 -3.12 -2.83

-3.50 -3.50 -3.06

-2.94 -2.94 -2.20

-1.71 -1.71 -1.09

-1.27 -1.27 -0.72

-1.24 -1.24 -0.69

-0.93 -0.93 -0.38

Cash Flow Statement Net Income (Cash Flow) Depreciation,Depletion,Amortization-CF Net Increase (decrease) in Cash from (used in) Discontinued Other Adjustments - Net Net Cash from (used by) Operating (increase) Decrease in Prop,Plant,& Acquisition/disposition of subsidiaires,othr Increase (decrease) in investments Other Cash inflow from investment Net Cash from (used by) invesment Issuance (purchase) of equity shares Issuance (repayment) of debt securities Increase (decrease) in bank & other Payment of dividends & other cash Other cash from (used by) financing Net Cash from (used by) Financing

201312 -120.63

20.75 55.63

201412 -443.79

94.13 104.14

201512 -539.21 111.95 218.76

201612 -480.12 119.26 111.16

201712 -303.69 103.41

8.10

201812 -243.12

86.50 6.08

201912 -257.41 103.31

19.45

202012 -207.30

96.38 -3.18

-25.52 -69.76 -57.56 -89.24

-1.66

114.24 -131.27

-67.71 -55.05 -259.73

245.50 37.01 -54.54

-522.20

235.11 -14.58 -36.31 -204.92 51.54

209.81 17.64 -43.77 -4.30 -11.24

167.92 17.38 -50.83 -5.24 7.55

202.19 67.54 -45.60

-127.25 3.82

208.99 94.89 -26.33

-123.74 77.91

-148.46 336.80

-2.70 -2.15

-382.51 41.88

-576.74 -99.03 896.53

-189.69 35.92 -8.84

-59.32 39.24

-48.52 -37.51 297.59

-169.04 26.27

-72.16 429.52 -96.39

331.94

444.33 486.22

-2.02 795.47

-1.23 25.84

-40.33 -1.09 260.07

26.27

-14.02 319.11

Effect of Exchange Rate Changes on Net Change in Cash & Cash Equivalents Cash & Equivalents at beginning of year Cash & Equivalents at year end

113.71 60.20

173.91

-27.55 173.91 146.36

255.73 146.36 402.10

-178.43 402.10 223.66

-42.77 223.66 180.89

228.94 180.89 409.83

-75.23 409.83 334.60

341.85 334.60 676.45

? 2021 ValuEngine Inc. All rights reserved.



page 6

Rating and Forecast Report

FIREEYE INC (NSDQ: FEYE)

VaVluaElunEgningeinIneTcM

Report Date: Sep 28, 2021

QUARTERLY FINANCIALS (All numbers in millions)

Balance Sheet Cash Marketable Securities Receivables Inventory Raw Materials Work in Progress Finished Goods Notes Receivable Other Current Assets Total Current Assets Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment Investment & Advances Other non-current Assets Deferred Charges Intangibles Deposits & other assets TOTAL ASSETS

201909 297.16 699.82 153.91 5.97

201912 334.60 704.96 171.46 5.89

202003 283.87 696.10 140.19 7.16

202006 404.35 509.86 119.84 5.44

202009 314.25 627.89 133.90 5.37

202012 676.45 624.82 153.57 4.02

202103 516.97 783.69 109.21 5.43

202106 387.31 866.30 77.26

97.58 1254 279.52 184.30 95.22

96.83 1314 283.38 189.57 93.81

98.32 1226 285.54 194.93 90.61

94.65 1134 290.13 202.73 87.40

97.21 1179 294.45 210.45 84.00

103.37 1562

298.79 219.02

79.77

103.03 1518

308.45 228.90

79.55

541.32 1872

218.39 152.51

65.89

1354 85.42 2851

1340 84.47 2890

1342 80.52 2796

1330 75.00 2681

1319 70.99 2705

1491 74.66 3246

1479 68.76 3185

1149 18.39 3142

Notes Payable Accounts Payable Current Portion of Long-term Debt Current Portion of Capital Leases Accrued Expenses Income Taxes Payable Other Current Liabilities Total Current Liabilities Mortgages Deferred Charges (taxes/income) Convertible Debt Long Term Debt Non-Current Capital Leases Other Long-Term Liabilities TOTAL LIABILITIES Minority Interest (liabilities) Preferred Stock Common Stock, Net Capital Surplus Retained Earnings Treasury Stock Other Liabilities SHAREHOLDERS' EQUITY TOTAL LIABILITES & SHAREHOLDERS

22.86 26.27 26.29 10.73

6.09

5.11 13.08

9.38

115.79 117.29 118.81

440.50

95.03 84.01 81.74 91.15 107.61 118.90 95.15 84.79

568.03 820.07

603.94 849.95

572.53 818.38

563.19 683.62

567.20 699.01

613.71 753.74

587.93 710.00

873.63 1420

367.38 882.55

370.62 893.27

347.32 904.12

329.66 938.54

326.41 949.65

342.75 960.90

322.77 972.28

61.37 543.31

4.38 2148

4.49 2189

4.68 2143

4.65 2021

4.40 2041

12.34 2112

4.50 2064

4.59 2086

0.02 3409 -2558 150.00 1.08 702.91 2851

0.02 3457 -2607 150.00 1.18 701.67 2890

0.02 3488 -2683 150.00 -1.67 653.61 2796

0.02 3471 -2736 80.00 6.31 660.36 2681

0.02 3514 -2776 80.00 5.11 663.16 2705

401.05 0.02 3623

-2814 80.00

3.83 1134 3246

405.56 0.02 3658

-2865 80.00

2.04 1121 3185

410.12 0.02 3654

-2930 80.00

1.42 1056 3142

? 2021 ValuEngine Inc. All rights reserved.



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