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Q4 Earnings: The Cybersecurity Report Card
Thursday, March 2, 2017 - 1:28pm | 741The cybersecurity space, which is dominated by Israel-bred companies, ringed in a mixed performance for the calendar year fourth quarter. There were hits and misses, and accordingly, there were up and down moves in their respective stocks. The mixed showing comes despite the geopolitical...
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FireEye's Q2 Results On Deck, But All Eyes On Consolidation In Cybersecurity
Thursday, August 4, 2016 - 3:49pm | 406Investors of FireEye Inc (NASDAQ: FEYE) appear to be less than optimistic about the company's revenue meeting expectations ahead of the second quarter results announcement. Wedbush analyst, Steve Koenig, expects revenue to disappoint, citing lag in product sales. The stock is trading in the red,...
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Intel Looking To Sell McAfee Business
Monday, June 27, 2016 - 2:47pm | 403Chip giant Intel Corporation (NASDAQ: INTC) is weighing the sale of its antivirus software maker, formerly known as McAfee, which it bought for $7.7 billion almost six years ago, according to a report on Financial Times. Citing people close to the discussions, Financial Times said Intel has been...
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Barclays On FireEye: Exec Shuffle Lowers Any Acquisition Premium In Stock
Friday, May 6, 2016 - 3:07pm | 326Barclays said the recent executive shuffle at FireEye Inc (NASDAQ: FEYE) "lowers any acquisition premium in the stock," which plunged 19 percent after the cybersecurity firm said Chief Executive David DeWalt would step down on June 15 and be succeeded by President Kevin Mandia. FireEye also...
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Investors Unimpressed With FireEye's Acquisition Announcement
Tuesday, February 2, 2016 - 11:15am | 223Shares of FireEye Inc (NASDAQ: FEYE) were trading lower by more than 4 percent after Tuesday's market open despite the company's announcement that it has acquired Invotas International Corporation. FireEye reported on Monday afternoon that it acquired Invotas, a provider of security...
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FireEye Spikes After iSight Acquisition And Guidance Update
Wednesday, January 20, 2016 - 5:33pm | 203FireEye Inc (NASDAQ: FEYE) shares were up 7.5 percent after-hours on Wednesday amid news of a new acquisition and a guidance update. According to a press release filed by the company, FireEye has purchased iSight Partners for close to $200 million, a network that monitors and mines global cyber...
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FireEye Disproves Notion Of Palo Alto Competition, Says 'Best Is Yet To Come'
Friday, July 31, 2015 - 1:49pm | 454FireEye Inc (NASDAQ: FEYE) reported record second-quarter results post the market closing on Thursday. Revenue for the quarter jumped 56 percent year-over-year to $147.2 million and came above analysts' projection of $143 million, while EPS loss narrowed down to $0.41 from an EPS loss of $0....
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Don't Mind FireEye's CFO Departure, Here's Why The Stock Is Still A Buy
Friday, July 31, 2015 - 7:46am | 494Shares of FireEye Inc (NASDAQ: FEYE) have drifted lower after reporting quarterly earnings. FireEye's encouraging numbers might have overshadowed the company's earnings beat, but analysts aren't fazed. Wedbush: CFO Departure ‘Takes Off Some Shine,' Still A Buy Steve...