FireEye Inc. just released its fourth quarter financial results of 2016, posting earnings of -$0.22 and revenues of $184.7 million.
Currently, FireEye is a Zacks Rank #4 (Sell), and was down 1.37% to $3.46 per share in after-hour trading shortly after its earnings report was released.
FireEye
Beat earnings estimates. The company posted a loss of $0.22 per share (excluding $0.15 from non-recurring items) beating the Zacks Consensus Estimate of a loss of 0.49 cents per share.
Missed revenue estimates. The company saw revenue figures of $184.7 million, missing our consensus estimate of $192 million.
FireEye reported that their revenue was consistent with Q4 of 2015. Non-GAAP gross margin dropped 1% year-over-year to 74%. GAAP gross margin is 65%, which also went down 1% from last year. The company also reported Non-GAAP operating margin of negative 27%, compared to negative 67% last year.
"We continued to make great progress on our path to profitability in the fourth quarter as operating losses narrowed, and we came within a few million dollars of positive non-GAAP operating income,” said Mike Berry, FireEye chief financial officer and CEO. “The strength of our balance sheet and operational focus are some of the many reasons I am confident FireEye has a bright future."
Here’s a graph that looks at FireEye’s price, consensus and EPS surprise:
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.
Check back later for our full analysis on FireEye’s earnings report!
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FireEye Stock Slumps After Q4 Earnings Report
FireEye Inc. just released its fourth quarter financial results of 2016, posting earnings of -$0.22 and revenues of $184.7 million.
Currently, FireEye is a Zacks Rank #4 (Sell), and was down 1.37% to $3.46 per share in after-hour trading shortly after its earnings report was released.
FireEye
Beat earnings estimates. The company posted a loss of $0.22 per share (excluding $0.15 from non-recurring items) beating the Zacks Consensus Estimate of a loss of 0.49 cents per share.
Missed revenue estimates. The company saw revenue figures of $184.7 million, missing our consensus estimate of $192 million.
FireEye reported that their revenue was consistent with Q4 of 2015. Non-GAAP gross margin dropped 1% year-over-year to 74%. GAAP gross margin is 65%, which also went down 1% from last year. The company also reported Non-GAAP operating margin of negative 27%, compared to negative 67% last year.
"We continued to make great progress on our path to profitability in the fourth quarter as operating losses narrowed, and we came within a few million dollars of positive non-GAAP operating income,” said Mike Berry, FireEye chief financial officer and CEO. “The strength of our balance sheet and operational focus are some of the many reasons I am confident FireEye has a bright future."
Here’s a graph that looks at FireEye’s price, consensus and EPS surprise:
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. FireEye Inc. is headquartered in Milpitas, California.
Check back later for our full analysis on FireEye’s earnings report!
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>