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FireEye, Cyberark Tumble After Q1 Earnings Calls

FireEye, Cyberark Tumble After Q1 Earnings Calls

Cyberark Software Ltd (NASDAQ: CYBR) and FireEye Inc (NASDAQ: FEYE) reported their first quarter results after the market closed on Thursday.


Shares of FireEye were trading down more than 8.7 percent in the after-hours session, even though the company posted a net loss of $(0.47) per share, which was smaller than the $(0.50) per share that analysts were expecting.

Although revenue rose 34 percent year-over-year to $168 million, it missed expectations by $3.8 million.

Guidance was also soft. Management now expects second quarter revenue of $178 million to $185 million and a net loss of $(0.38) to $(0.40) per share, both worse than the Street’s consensus of $192.8 million and $(0.36) per share, respectively. For the full year, the company projects revenue of $780 million to $810 million and a net loss of $(1.20) to $(1.27) per share. Consensus stands at $828.6 million and $(1.25) per share.

CEO Dave DeWalt is stepping down and will be succeeded by President Kevin Mandia. CFO Mike Berry will start serving as COO, Mandiant President Kevin Reese will be the new President, and DeWalt will remain as the Executive Chairman.


Shares of Cyberark were down about 3.4 percent after the market closed, even though EPS of $0.23 and revenue of $46.9 million (up 42.4 percent year-over-year) beats estimates by $0.07 and $3.52 million, respectively.

Management said it expects second quarter EPS of $0.18 to $0.20, on revenues of $47.5 million to $48.5 million. While the EPS outlook was in line with the Street’s consensus of $0.18, revenue fell short of expectations for $57.43 million.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.


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