FireEye Inc (FEYE) Releases Earnings Results, Beats Expectations By $0.06 EPS

FireEye Inc (FEYE) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.39. The company posted revenue of $175.00 million in the period, compared to analysts expectations of $181.57 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

FireEye Inc opened for trading at $16.86 and hit $17.695 on the upside on Tusday, eventually ending the session at $17.6, with a gain of 3.77% or 0.64 points. The heightened volatility saw the trading volume jump to 63,05,501 shares. Company has a market cap of $2,928 M.

In a different news, on May 16, 2016, Kevin R. Mandia (President) purchased 27,600 shares at $12.70 per share price. According to the SEC, on May 10, 2016, Michael J Berry (CFO) purchased 16,500 shares at $12.84 per share price. On Nov 6, 2015, David G Dewalt (CEO) purchased 22,500 shares at $22.87 per share price, according to the Form-4 filing with the securities and exchange commission.

FireEye Inc. is a United States-based company engaged in offering virtual machine-based security platform that provides real-time threat protection to enterprises and governments against the cyber-attacks. The Company’s FireEye Threat Prevention platform provides real-time threat protection without the use of signatures to protect an organization across the primary threat vectors and across the various stages of an attack life cycle. It stops advanced cyber-attacks that use advanced malware zero-day exploits and Advanced Persistent Threat (APT) tactics. Its solutions supplement traditional and next generation firewalls Intrusion Prevention Systems (IPS) anti-virus and gateways. It offers a solution that detects and blocks attacks across Web e-mail endpoint file and mobile threat vectors and latent malware resident on file shares. Its products include Network Security NX Series Malware Analysis AX Series iSIGHT ThreatScape Intelligence and Central Management CM Series.

FireEye Inc

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