FireEye (FEYE) Tops Q1 EPS by 2c

FireEye (NASDAQ: FEYE) reported Q1 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $246 million versus the consensus estimate of $236.97 million.

“Our first quarter revenue growth was led by our Platform, Cloud Subscription and Managed Services category, which increased 26% year over year, and our Professional Services category, which increased 25% year over year,” said Kevin Mandia, FireEye Chief Executive Officer.

“We believe effective security depends on more than just preventive controls; it is based on the expertise and intelligence behind them, and the means to validate the controls themselves. To that end, we recently added two new modules to our Mandiant Advantage platform designed to further enable our customers’ ability to access our expertise and intelligence: Mandiant Automated Defense, which adds a powerful, multi-vendor XDR capability, and Mandiant Security Validation, which enables customers to manage, measure, and report on cyber security risk within their organization,” added Mandia.

GUIDANCE:

FireEye sees Q2 2021 EPS of $0.08-$0.09, versus the consensus of $0.08. FireEye sees Q2 2021 revenue of $246-250 million, versus the consensus of $244.14 million.

FireEye sees FY2021 EPS of $0.39-$0.41, versus the consensus of $0.36. FireEye sees FY2021 revenue of $1.01-1.03 billion, versus the consensus of $1 billion.

For earnings history and earnings-related data on FireEye (FEYE) click here.

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