FireEye Reports Solid Earnings Beat & Outlook
FireEye (NASDAQ: FEYE) reported Q2 EPS of $-0.55 vs. the estimated $-0.60. Revenue came in at $94.5 million vs. the estimated $90.19 million
For Q3 2014, FireEye expects total revenue in the range of $114 to $117 million, which compares to consensus estimates of $108.88 million.
The company's non-GAAP EPS outlook came in the ragne of $0.52 to $0.56, based on estimated weighted average shares outstanding of approximately 144 million.
Shares were last up 0.72 percent in the after-hours session.
FireEye stated in a 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.”
Chairman and CEO Devin Dewalt 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.
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