FireEye (FEYE) Tops Q4 EPS by 2c; Issues Weak FY14 Outlook
FireEye (Nasdaq: FEYE) reported Q4 EPS of ($0.35), $0.02 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $57.3 million versus the consensus estimate of $56.04 million.
By all measures, the fourth quarter was a strong finish to an extraordinary year for FireEye. During 2013, we nearly doubled our billings and revenue, built a global infrastructure to support our growth, completed our initial public offering, and extended our virtual machine-based security technology with mobile, data center, and small and midsized business solutions," said David DeWalt, FireEye chairman of the board and chief executive officer.At year-end, we announced our acquisition of Mandiant, a technology alliance partner and a leader in advanced endpoint solutions and incident response services.
FireEye defined the advanced threat protection category in 2009 with the introduction of virtual-machine based solutions. With the Mandiant acquisition, we have the opportunity to transform the industry again,1> added DeWalt. <1>Our complementary technologies and combined product and service offerings accelerate our ability to deliver more effective threat protection at a lower cost in multiple security market segments. Our new MVX-IPS product is the first of several products on our roadmap designed to replace existing signature-based security products.
FireEye fourth quarter billings were $97.9 million, an increase of 102 percent compared with the fourth quarter of 2012.
Fireeye sees Q114 EPS of ($0.56) - ($0.51), versus the consensus of ($0.37). The company also sees Q114 revenue of $70 - $72 million, versus the consensus of $76.2 million.
Fireeye sees FY14 EPS of ($2.2) - ($2.00), versus the consensus of ($1.42). The company also sees FY14 revenue of $400 - $410 million, versus the consensus of $406.5 million.
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