GAAP net loss for the second quarter of $9.7 million, which compares to a GAAP net loss of $5.0 million a year ago.
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“Although total billings and revenue were below our expectations”, he added, “efforts to optimize our cost structure resulted in a sequential decline in our costs and loss per share exceeded our expectations”.
In the first quarter, the company failed to deliver the expected revenue, and the lower-than-estimated forecast resulted in shares trading lower by as much as 19 percent the following day.
Shares perked up almost 5% after hours after closing the day up 0.6% at 21.03 on the stock market today. The company has a market cap of $1.12B and now has 38.9M shares outstanding.
Taser International, Inc. (NASDAQ:TASR) reported second-quarter earnings per share of $0.07 after the closing bell Thursday, compared to the consensus estimate of $0.05. There were about 172.76M shares outstanding which made its market cap $2.89B.
Revenue for the second quarter of $36 million, up 37 percent year-over-year and up 7 percent sequentially. Subscription and service revenue was $134.26 million, which reflects a slight decrease from $134.4 million reported in the prior quarter.
On the books, FireEye’s cash, cash equivalents and short-term investments totaled $916.8 million at the end of the quarter, versus $1.17 billion at the end of 2015.
FireEye provides guidance based on current market conditions and expectations.
Non-GAAP operating margin in the range of negative 26 to negative 28 percent of revenue.
With more smaller scale ransomeware attacks and fewer large scale enterprise attacks, FireEye has significantly reduced its 2016 sales outlook and has implemented a restructuring that will result in a workforce reduction of as many as 400 employees, or 10 percent of the workforce. Its weekly and monthly volatility is 4.56%, 4.05% respectively. (QTWO) announced results for its second quarter ending June 30, 2016. The share price is now 0.41 percent versus its SMA20, 2.24 percent versus its SMA50, and -7.93 percent versus its SMA200.
FireEye, Inc. (FEYE) recently recorded -3.01 percent change and now at $16.75 is 47.58 percent away from its 52-week low and down -63.36 percent versus its peak. Finally, Dimensional Fund Advisors LP boosted its stake in FireEye by 4.1% in the fourth quarter.
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Shares of FireEye (NASDAQ:FEYE) opened at 16.75 on Friday. Canada Pension Plan Investment Board now owns 191,600 shares of the information security company’s stock valued at $3,447,000 after buying an additional 175,900 shares during the last quarter.
