FireEye (FEYE) stock was down 14% after hours Wednesday after its Q3 revenue and Q3 sales guidance both missed Wall Street expectations, though its losses narrowed. The security software and services provider continues to stay firmly in the red, but its Q3 loss wasn’t as deep as analysts expected. For Q3, it reported a per-share loss minus items of 37 cents, improving from a 51-cent loss in the year-earlier quarter and beating the 45-cent loss
FireEye (FEYE) stock climbed Monday on Wall Street ahead of its late Wednesday Q3 earnings report, pulling up shares of online security firms CyberArk Software (CYBR), Qualys (QLYS) and Symantec (SYMC) with it. In early trading, FireEye stock was up 4%. On Wednesday, FireEye is expected to report $167.1 million in revenue, up 46% vs. the year-earlier quarter. The consensus of 32 analysts polled by Thomson Reuters sees losses per share lessening
Fortinet (FTNT) issued underwhelming guidance late Thursday as it reported Q3 earnings, triggering a sharp sell-off in most cybersecurity stocks Friday, including FireEye (FEYE) and Palo Alto Networks (PANW) on Friday. The Sunnyvale, Calif.-based Fortinet earned 14 cents a share in the third quarter, up 16.7% from a year earlier and beating by two cents estimates of analysts polled by Thomson Reuters. Revenue rose 34.5% to $260.1 million, topping