FireEye Inc. (NASDAQ:FEYE) just released its second quarter fiscal 2016 earnings results, posting earnings of -$0.68 per share (excluding special items) and revenue of $175 million.
Currently, FEYE has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
FireEye Inc.:
Beat earnings estimates. The company posted earnings of -$0.68 per share (excluding special items), slightly better than the Zacks Consensus Estimate of -$0.80 per share.
Missed revenue estimates. The company saw revenue figures of $175 million, below our consensus estimate of $181.30 million.
Saw its billings-an important metric for companies focused on cloud software, which reflects future revenue under contract-come in at $196.4
Brought down its 2016 target for annual revenue to a range of $716 million to $728 million.
FEYE was down $2.60, or 15.52%, to $14.15 as of 4:15 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at FireEye’ share price and EPS surprises since 2015…
FireEye Inc. provides cybersecurity solutions for detecting, preventing, analyzing and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
Check back later for our full analysis on FEYE’s second quarter earnings report!
FIREEYE INC (FEYE): Free Stock Analysis Report
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