FireEye (FEYE) Tops Q3 EPS by 10c

November 4, 2014 4:03 PM

FireEye (NASDAQ: FEYE) reported Q3 EPS of ($0.46), $0.10 better than the analyst estimate of ($0.56). Revenue for the quarter came in at $114.2 million versus the consensus estimate of $116 million.

"Our third quarter billings reflected strong demand for FireEye's advanced security solutions in an environment of escalating targeted attacks," said David DeWalt, chairman and chief executive officer of FireEye. "Billings from new and existing customers were both at record levels as FireEye expanded its installed base and successfully cross-sold multi-vector solutions."

"In this past quarter, we took a major step forward in our mission to reimagine security with the announcement of our Adaptive Defense" security model and FireEye-as-a-Service" offering," added DeWalt. "This Adaptive Defense approach combines FireEye's technology, threat intelligence and security expertise in a comprehensive solution designed to reduce the time to detect and respond to cyber attacks. FireEye-as-a-Service operationalizes Adaptive Defense by allowing organizations to scale cyber security strategies based on their unique needs, making our advanced threat protection and the security expertise and broad threat visibility provided by FireEye security operations centers, accessible to customers of all sizes. This 'on-demand' delivery model is creating new distribution channels for our solutions, as evidenced by recently announced strategic partnerships with SingTel and Verizon to deliver FireEye advanced threat protection to their managed service customers."

FireEye sees Q4 2014 revenue of $135 - $147 million, versus the consensus of $144.2 million.

The company sees FY14 revs of $418 - $430 million and loss of $2.15 - $2.05 per share. The Street sees revs of $428.5 million and loss of $2.13 per share.

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

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