=FireEye (FEYE) reported earnings on Thur 2 Feb 2017 (a/h)

 FireEye beats by $0.13, misses on revs; guides Q1 EPS below consensus, revs below consensus; CFO Resigns  :

• Reports Q4 (Dec) loss of $0.03 per share, $0.13 better than the Capital IQ Consensus of ($0.16); revenues were unchanged from the year-ago period at $184.7 mln.
  • Billings of $221.8 million, a decrease of 14% Y/Y (Guidance $230-250 mln).
  • Non-GAAP gross margin of 74 percent, compared to 75 percent in the fourth quarter of 2015.
  • Non-GAAP operating margin of negative one percent.
• Co issues downside guidance for Q1, sees EPS of ($0.28)-($0.26) vs. ($0.24) Capital IQ Consensus Estimate; sees Q1 revs of $160-166 mln vs. $176.76 mln Capital IQ Consensus Estimate.
  • Billings in the range of $130 million to $150 million.
  • Non-GAAP gross margin of approximately 70 percent.
  • Non-GAAP operating margin of approximately negative 24 percent to negative 26 percent of revenue.
  • Non-GAAP net loss per share of $0.26 to $0.28. Cash flow from operations of negative $30 million to negative $40 million.
• FY17
  • Expects billings and revenue trends to improve throughout the year, with renewed organic growth in the second half of 2017.
  • Reaffirms the company's stated objective of positive non-GAAP operating income by the fourth quarter of 2017.
  • Expects to generate positive cash flow from operations for the full year.
  • Anticipates capital expenditures between $40 and $45 million.
• CFO Resigns
  • FireEye also announced several management appointments and executive transitions. Mike Berry, FireEye chief financial officer since 2015, is leaving FireEye to pursue another opportunity, and Frank Verdecanna, FireEye senior vice president of finance and chief accounting officer, has been appointed executive vice president and chief financial officer.