FireEye, Inc. just released its latest quarterly financial results, posting a non-GAAP loss of $0.04 per share and revenues of $199 million.
Currently, FEYE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 8.5% over the past month, including a 0.9% gain during regular trading hours today.
The stock is currently down 5.7% to $17.50 per share in after-hours trading shortly after its earnings report was released.
FireEye:
Matched earnings estimates. The company posted a non-GAAP loss of 4 cents per share, matching the Zacks Consensus Estimate of 4 cent loss. Investors should note that this consensus projection has remained steady over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $199 million, topping our consensus estimate of $194.1 million. Total revenue was up 8% year over year and ahead of the company’s guidance range of $192 million to $197 million.
Billings reached $175.1 million in the quarter, an increase of 21% from the year-ago period and above the company’s guidance of $165 million to $175 million. GAAP gross margin increased to 66% from 64%.
“Our frontline knowledge of the threat landscape and how organizations are combating cyber attacks is at the heart of our unique innovation cycle,” said CEO Kevin Mandia. “FireEye network, email and endpoint security products continue to detect attacks that evade other security solutions. Our Helix platform operationalizes our intelligence and expertise to reduce the complexity of security operations and capture the untapped potential of prior security investments.”
For the second quarter of fiscal 2018, FireEye expects total revenue in the range of $199 million to $203 million. Meanwhile, non-GAAP net income per share is expected to be between -$0.03 and $0.00. Heading into the day, our Zacks Consensus Estimates were calling for earnings of -$0.01 per share and revenue of $201 million.
Here’s a graph that looks at FireEye’s recent earnings performance:
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.
Check back later for our full analysis on FEYE’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Image: Bigstock
FireEye (FEYE) Reports Q1 Earnings Results, Revenue Tops Estimates
FireEye, Inc. just released its latest quarterly financial results, posting a non-GAAP loss of $0.04 per share and revenues of $199 million.
Currently, FEYE is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 8.5% over the past month, including a 0.9% gain during regular trading hours today.
The stock is currently down 5.7% to $17.50 per share in after-hours trading shortly after its earnings report was released.
FireEye:
Matched earnings estimates. The company posted a non-GAAP loss of 4 cents per share, matching the Zacks Consensus Estimate of 4 cent loss. Investors should note that this consensus projection has remained steady over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $199 million, topping our consensus estimate of $194.1 million. Total revenue was up 8% year over year and ahead of the company’s guidance range of $192 million to $197 million.
Billings reached $175.1 million in the quarter, an increase of 21% from the year-ago period and above the company’s guidance of $165 million to $175 million. GAAP gross margin increased to 66% from 64%.
“Our frontline knowledge of the threat landscape and how organizations are combating cyber attacks is at the heart of our unique innovation cycle,” said CEO Kevin Mandia. “FireEye network, email and endpoint security products continue to detect attacks that evade other security solutions. Our Helix platform operationalizes our intelligence and expertise to reduce the complexity of security operations and capture the untapped potential of prior security investments.”
For the second quarter of fiscal 2018, FireEye expects total revenue in the range of $199 million to $203 million. Meanwhile, non-GAAP net income per share is expected to be between -$0.03 and $0.00. Heading into the day, our Zacks Consensus Estimates were calling for earnings of -$0.01 per share and revenue of $201 million.
Here’s a graph that looks at FireEye’s recent earnings performance:
FireEye, Inc. Price, Consensus and EPS Surprise
FireEye, Inc. Price, Consensus and EPS Surprise | FireEye, Inc. Quote
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.
Check back later for our full analysis on FEYE’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>