FireEye's (FEYE) Quarter Better Than Feared and Acquisition to Be Accretive in '16 - FBR

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Imperial Capital Remains Bullish as FireEye's (FEYE) Preliminary 4Q Results Were Consistent with Street

January 22, 2016 7:37 AM EST

Imperial Capital maintained an Outperform rating on FireEye, Inc (NASDAQ: FEYE), and cut the price target to $25.00 (from $32.00), following the company's preliminary 4Q results. Preliminary results were consistent with Street estimated revenue of $187mn and adjusted net loss per share of $0.37.... More

FireEye (FEYE) Beats Low Expectations but Price Target Lowered at Deutsche Bank on Sector Re-Valuation

January 21, 2016 8:47 AM EST

Deutsche Bank maintained a Hold rating on FireEye, Inc (NASDAQ: FEYE) but lowered its price target to $20.00 (from $30.00). Comments follow FireEye's positive pre-announcement. Analyst Karl Keirstead maintain a Hold rating due to FireEye's "balanced risk reward profile." The price target change relates to re-valuation across the software sector.

"FireEye (FEYE) pre-announced a modest 4Q15 revs beat and set preliminary 2016... More

FireEye (FEYE) Quarter Saved By the iSIGHT Acquisition - Piper Jaffray

January 21, 2016 7:53 AM EST

Piper Jaffray analyst, Andrew Nowinski, took a critical view of FireEye, Inc (NASDAQ: FEYE) preannounced results and reduced his price target to $19 (from $27). FQ4(Dec) results are now expecting revenue to come in modestly below the mid-point of guidance. More importantly, management guided for organic billings growth of 20% in 2016, well below the Streets 28% estimate. However, the acquisition of iSIGHT will add ~$50M in billings to 2016, partially offsetting the guide down. The firm maintained a Neutral rating.

FireEye preannounced FQ4(Dec)... More

FireEye (FEYE) Prelim. Q4 Revenue Lighter than Expected; Moves to Acquire iSIGHT Partners

January 20, 2016 4:03 PM EST

FireEye, Inc. (NASDAQ: FEYE), the leader in stopping today's advanced cyber attacks, today announced preliminary results for the fourth quarter of 2015.

Fourth quarter total billings, total revenue and non-GAAP loss per share are expected to be within previously issued guidance ranges. Total fourth quarter revenue is expected to be in the range of $184 million to $185 million and total fourth quarter billings are expected to be within the range of $256 million to $257 million. Further, the company also expects positive operating cash flow in the range of $7 to $9 million for the fourth quarter, resulting in... More

FireEye (FEYE) Acquires iSIGHT Partners for $200M

January 20, 2016 4:02 PM EST

FireEye, Inc. (NASDAQ: FEYE) announced the acquisition of privately held iSIGHT Partners, one of the world's leading providers of cyber threat intelligence for global enterprises. The transaction closed on January 14, 2016.

With the acquisition, FireEye creates the world's most advanced and comprehensive private cyber threat intelligence operation. Customers of both companies will benefit from lower business risk through higher fidelity alerts, context to prioritize threats and the strategic insights to proactively prepare for threats that might target their industry or region. Existing iSIGHT customers will continue to have access to iSIGHT products. FireEye... More