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FireEye Falls 14% on a Tepid Q4 Forecast

fireeye-china-network-security-revenues-firewall-intrusion-prevention
Craig Matsumoto
Craig MatsumotoNovember 4, 2015
6:15 pm MT
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FireEye had enjoyed eight consecutive quarters of upping its forecasts, but the company hit a pothole with its fourth-quarter forecast, sending shares down 14 percent in after-hours trading today.

FireEye reported third-quarter revenues that grew 45 percent year-over-year. But the company predicted its full 2015 revenues will be $620 million to $628 million — down from its previous prediction of $630 million to $645 million.

The problem is something that’s actually good news for most of FireEye’s customers: Attacks out of China have slowed down, possibly as the result of September’s U.S.-China truce, CEO Dave DeWalt told Marketwire.

For its third quarter, which ended Sept. 30, FireEye reported revenues of $166 million and net losses of $136 million, or 88 cents per share.

For the same quarter last year, FireEye reported revenues of $114 million and losses of $120 million, or 83 cents per share.

Non-GAAP losses were 37 cents per share. Analysts had expected 45 cents, according to Reuters.

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Craig Matsumoto

About Craig Matsumoto

Craig Matsumoto is managing editor at SDxCentral.com, responsible for the site's content and for covering news. He is a "veteran" of the SDN scene, having started covering it way back in 2010, and his background in technology journalism goes back to 1994. Craig is based in Silicon Valley. He can be reached at craig@sdxcentral.com.

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