8:24 am FireEye [FEYE] Beats Bottom-Line Estimates, but Guidance Weighs on Shares
FireEye (FEYE 14.40,
-1.58) reported a bottom-line beat last evening, but the report was
overshadowed by disappointing revenue and cautious guidance.
The cybersecurity software provider reported a first-quarter
loss of $0.47 per share on $168 million in revenue. The company's top line
surged 34.0% year-over-year, but came up short of analysts' average estimates.
The company highlighted its billings, which increased 23.0%
year-over-year to $186 million. FireEye CEO noted strength in cloud-based …More