FireEye (FEYE) PT Cut to $17.50 at Nomura, Buy Maintained; Risk/Reward is Positive
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FireEye Reports Third Quarter 2016 Results above Guidance Ranges
November 3, 2016 4:01 PM EDTMILPITAS, CA -- (Marketwired) -- 11/03/16 -- FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced financial results for the third quarter ended September 30, 2016.
"Our performance in the third quarter -- with billings, revenue, operating margin, earnings per share and cash flow above guidance -- reflected customer confidence in FireEye intelligence-led products and services," said Kevin Mandia, FireEye chief executive officer. "We experienced strong demand for our cloud-based email security and threat intelligence solutions, as well as continued growth in renewal subscriptions. Of the 47 customers who spent more than one million dollars on... More
