FireEye Reported a Solid Beat on Earnings and Outlook: Market Was Indifferent

reports Q2 EPS of $(0.55) versus the estimated $(0.60), beating by $0.05. Revenue came in at $94.50M versus the estimated $90.19M. FireEye moved higher by 0.2 percent in the afterhours, even as results were pretty solid for the current quarter. For the third quarter of 2014, FireEye expects total revenue in the range of $114 to $117 million, which compares to consensus Q3 revenue estimates of $108.88 million. Outlook beat by $6 to $ 9 million. FireEye outlook for Q3' 14: Non-GAAP EPS of $(0.52) to $(0.56), based on estimated weighted average shares outstanding of approximately 144 million. Compared to non-GAAP consensus EPS of $(0.56). According to FireEye's Q2 press release: “Also during this period, the company expanded its advanced security platform with the release of 20 new and enhanced products and services, including new appliances, a mobile threat prevention solution, a data center threat prevention solution, cloud-based email threat protection, the Threat Analytics Platform (TAP), an Intrusion Prevention System (IPS), and new Managed Defense services.” Devin Dewalt, Chairman and CEO of FireEye, also raised his outlook on full-year revenue: "I am pleased to report strong growth in billings and revenue in the second quarter, which is reflected in our fourth increase to 2014 billings and revenue guidance ranges since our initial public offering in September 2013. We now expect 2014 revenue in the range of $423 to $430 million” This compares to analyst full-year consensus revenue estimates of $412.18 million; revenue outlook beat by $10.2 million to $17.82 million.