Non-GAAP net loss and net loss per share for the third quarter of 2014 excluded stock-based compensation expense, amortization of intangible assets, $11.2 million in discrete tax benefits related to the acquisition of Mandiant, and $2.8 million in restructuring costs. Revenues increased by 45 percent to $165.6 million.
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The deferred revenue balance rose 61% Y/Y in Q3 to $454.9M.
The cyber-security solutions provider further recorded billing of $210.6 million, which grew roughly 28% year-over-year (YoY). There are consensus estimates for a net loss of $0.40 per share on $200.76 million in revenue.
The company beat on earnings – it lost less money than expected – and was slightly ahead on revenue estimates. Despite the encouraging tone from its CEO, FireEye has lowered its full year FY15 revenue outlook range from $630-645 million to $620-628 million. “While we outperformed on many financial metrics, our billings performance did not meet the expectations we set in late July”. The strength evident in our sales to new logo customers, our North American enterprise business and the Asia-Pacific region was partially offset by weakness in Europe. “We believe this was due to a combination of macroeconomic factors, as well as the growing pains of a new organization”, said CFO Mike Berry in a statement. It comes down to a question of whether this recent decline in FireEye, along with those shared by market competitors like Palo Alto Networks and Fortinet, is a longterm issue for the industry or a short-term correction on an otherwise trending, albeit more slowly than biotech, industry. That being said, FireEye shares are now down 15.18% trading at $24.7 in the after-market trading session, hitting their new 52-week-low.
GettySecurity company FireEye just released its third quarter revenue, and the results aren’t good. Moreover, FireEye reported adjusted loss per share of $37 cents, beating the analysts’ estimated loss per share of 45 cents. Actual earnings share as last reported was -0.84. (NASDAQ:FEYE) which led to swings in the share price.
Historically, Fireeye Incorporated has been trading with a 52 week low of 26.03 and a 52 week of high 55.33.
On the ratings front, FireEye has been the subject of a number of recent research reports.
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The street is mostly Neutral on FEYE stock. These highly sophisticated cyber attacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways.
