FireEye (FEYE) Tops Q1 EPS by 3c, Sales Miss; Sales Guidance Misses Views

Go back to FireEye (FEYE) Tops Q1 EPS by 3c, Sales Miss; Sales Guidance Misses Views

BTIG Lowers PT on FireEye (FEYE) to $20 as Transition to Subscription Revenue Base Continues

May 6, 2016 8:58 AM EDT

BTIG trims its price target on Buy-rated FireEye, Inc. (Nasdaq: FEYE) from $24 down to $20 following Q1 results issued Thursday.

Analyst Joel Fishbein offered the following commentary today: FireEyes ongoing transition from a product to subscription revenue base accelerated faster than we had anticipated. Subscription... More