FireEye, Inc. (NASDAQ:FEYE) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.01 per share and revenues of $202.3 million. Currently, FireEye is a Zacks Rank #3 (Hold), and is up over 11% to $15.70 per share in after-hours trading shortly after its earnings report was released.
FEYE:
Beat earnings estimates. The company posted adjusted earnings of $0.01 per share, beating the Zacks Consensus Estimate of $0.01 per share loss.
Beat revenue estimates. The company saw revenue figures of $202.3 million, topping our consensus estimate of $193.62 million.
The cyber security firm saw its fourth-quarter revenues surge 10% year-over-year, while quarterly billings climbed 9% to $242.2 million. For the full-year, FireEye posted sales of $751.1 million, which marked a 5% jump from 2016.
FireEye posted non-GAAP Q4 earnings after reporting a loss of $0.03 per share in the fourth quarter of 2016.
Looking ahead to full fiscal 2018, FireEye currently expects to report revenues in the range of $815 million to $825 million. The firm also projects to post non-GAAP net income between $0.00 and $0.04 per share.
"We delivered year-over-year and sequential growth in every major product group and geographic region, and we closed a record number of transactions greater than $1 million," CEO Kevin Mandia said in a statement.
Here’s a graph that looks at FEYE’s Price, Consensus and EPS Surprise history:
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 FEYE’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think. See This Ticker Free >>
FireEye, Inc. (FEYE): Free Stock Analysis Report
Original post
Zacks Investment Research