-=FireEye (FEYE) reported earnings on Tue 30 July 2019 (a/h)

FireEye misses by $0.02, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, revs below consensus

Reports Q2 (Jun) loss of $0.01 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.01; revenues rose 7.4% year/year to $218 mln vs the $215.45 mln S&P Capital IQ Consensus.

Billings of $221 mln increased 13% from 2Q18 and were at the high end of the range of $207-$222 mln.

Non-GAAP gross margin was 72%, compared to 75% in 2Q18, and was below the guidance range of 74-75%

Co issues downside guidance for Q3, sees EPS of $0.00-$0.02 vs. $0.07 S&P Capital IQ Consensus; sees Q3 revs of $217-$221 mln vs. $228.84 mln S&P Capital IQ Consensus. Sees billings in the range of $245-$255 mln and Non-GAAP gross margin of 72%.

Co issues downside guidance for FY19, sees EPS of $0.00-$0.04 vs. $0.15 S&P Capital IQ Consensus; sees FY19 revs of $865-$875 mln vs. $894.82 mln S&P Capital IQ Consensus. Sees billings in the range of $935-$955 mln.

=FireEye (FEYE) reported earnings on Tue 30 Oct 2018 (a/h)

FireEye beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line 

Reports Q3 (Sep) earnings of $0.06 per share, $0.04 better than the S&P Capital IQ Consensus of $0.02; revenues rose 7.2% year/year to $211.65 mln vs the $208.46 mln S&P Capital IQ Consensus.

Co issues in-line guidancefor Q4, sees EPS of $0.04-0.06 vs. $0.04 S&P Capital IQ Consensus; sees Q4 revs of $214-218 mln vs. $216.59 mln S&P Capital IQ Consensus.

-=FireEye (FEYE) reported earnings on Wed 1 Nov 2017 (a/h)

FireEye beats by $0.03, beats on revs; guides Q4 EPS in-line, revs in-line 

• Reports Q3 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.07); revenues rose 1.7% year/year to $189.6 mln vs the $186.41 mln Capital IQ Consensus.
• Billings of $201.7 million, a decrease of 6 percent from the third quarter of 2016 and above the mid-point of the guidance range of $190 million to $205 million.
• Co issues in-line guidancefor Q4, sees EPS of ($0.03-0.00), excluding non-recurring items, vs. ($0.01) Capital IQ Consensus Estimate; sees Q4 revs of $190-196 mln vs. $195.76 mln Capital IQ Consensus Estimate; sees billings in the range of $210 million to $230 million.

Long trade : FEYE +9% (9/17)

• 8/22:  #97  vol. 5.5M  +10M
• 8/23:   #28  vol. 3.3M  +9%
• 8/24:  #28  4.5M

 

=FireEye (FEYE) reported earnings on Tue 2 May 2017 (a/h)

FireEye beats by $0.17, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY17 EPS above consensus, revs above consensus :

• Reports Q1 (Mar) loss of $0.09 per share, $0.17 better than the Capital IQ Consensus of ($0.26); revenues rose 3.4% year/year to $173.7 mln vs the $163.62 mln Capital IQ Consensus. Q1 Billings 152.4 mln compared to guidance of $130-150 mln.
  • Billings of $152.4 million, a decrease of 18 percent from the first quarter of 2016 and above the guidance range of $130 to $150 million.
• Co issues upside guidance for Q2, sees EPS of ($0.14)-($0.10), excluding non-recurring items, vs. ($0.15) Capital IQ Consensus Estimate; sees Q2 revs of $173-179 mln vs. $172.70 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin of approximately 72 percent.
  • Non-GAAP operating margin of approximately negative 9 percent to negative 10 percent of revenue.
  • Cash flow from operations of negative $17 million to negative $27 million.
• Co issues upside guidance for FY17, sees EPS of ($0.36)-($0.26), excluding non-recurring items, vs. ($0.48) Capital IQ Consensus Estimate; sees FY17 revs of $724-736 mln vs. $722.79 mln Capital IQ Consensus Estimate.
  • Billings in the range of $745 million to $775 million.
  • Positive non-GAAP operating income in the fourth quarter of 2017.
  • Non-GAAP net loss per share of $0.26 to $0.36.
  • Positive cash flow from operations of $1 to $10 million.
  • Capital expenditures between $40 and $50 million. Capital expenditures expectations for 2017 include an estimated $22 million in capital expenses associated with the expected move of the company's headquarters from five separate buildings to a single building in Milpitas in mid-2017.

=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.

=FireEye (FEYE) reported earnings on Thur 3 Nov 2016 (a/h)

FireEye beats by $0.13, beats on revs; guides Q4 EPS above consensus, revs below consensus :

• Reports Q3 (Sep) loss of $0.18 per share, excluding non-recurring items, $0.13 better thanthe Capital IQ Consensus of ($0.31); revenues rose 12.6% year/year to $186.4 mln vs the $182.7 mln Capital IQ Consensus.
• Co issues mixed guidance for Q4, sees EPS of $(0.18)-(0.16), excluding non-recurring items, vs. ($0.20) Capital IQ Consensus Estimate; sees Q4 revs of $187-193 mln vs. $195.6 mln Capital IQ Consensus Estimate.
  • Billings guidance for Q4 is $230-250 mln.
• Billings in Q3 rose 2% YoY to $215.4 mln, slightly above the higher end of prior guidance of $200-215 mln.
• "We experienced strong demand for our cloud-based email security and threat intelligence solutions, as well as continued growth in renewal subscriptions. Of the 47 customers who spent more than one million dollars on FireEye solutions in the third quarter, 41 invested in multiple products...Perhaps most importantly, we achieved these results in spite of the distractions of our restructuring and changes to sales leadership."
• "Today we announced the introduction of Cloud MVX and MVX Smart Grid, expanding the form factors and deployment architectures of our security platform to deliver security from the cloud. I believe we are in the early phases of the richest new innovation cycle in our history, and these are the first of many planned releases that will help customers elevate their security profile at a lower total cost of ownership."

FireEye (FEYE) reported earnings Thur 4 Aug 2016 (a/h)

** charts before earnings **

 

** chart after earnings **

FireEye beats by $0.06, misses on revs; guides Q3 EPS in-line, revs below consensus; guides FY16 EPS in-line, revs below consensus; discloses restructuring plan  :

• Reports Q2 (Jun) loss of $0.33 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of ($0.39); revenues rose 18.9% year/year to $175 mln vs the $181.57 mln Capital IQ Consensus.
• Co issues guidance for Q3, sees EPS of ($0.32)-($0.30), excluding non-recurring items, vs. ($0.24) Capital IQ Consensus Estimate; sees Q3 revs of $180-186 mln vs. $208.09 mln Capital IQ Consensus Estimate.
  • Total Billings in the range of $200-215 mln.
  • Operating margin in the negative 25-27% range
• Co issues guidance for FY16, sees EPS of ($1.32)-($1.24), excluding non-recurring items, vs. ($1.24) Capital IQ Consensus Estimate; sees FY16 revs of $716-728 mln vs. $793.45 mln Capital IQ Consensus Estimate.
  • Non-GAAP Billings in the range of $835-855 mln (Prior $975-1055 mln)
  • Non-GAAP Operating Margin in the range of negative 26-28%
• On August 2, 2016, FireEye's Board of Directors approved a restructuring plan and reduction in workforce to reduce operating expenses and align the company's expense structure with current growth expectations to achieve non-GAAP profitability in the fourth quarter of 2017. FireEye expects the restructuring will reduce total non-GAAP costs by at least $20 million in the fourth quarter of 2016, and currently estimates that it will recognize pre-tax charges to its GAAP financial results of between $15 and $20 million, consisting of severance and other one-time termination benefits and other associated costs.

FireEye (FEYE) reported earnings on Wed 4 Nov 2015 (after close)

** charts before earnings **

** charts after earnings **

FireEye beats by $0.08, reports revs in-line; guides Q4 EPS above consensus :

• Reports Q3 (Sep) loss of $0.37 per share, $0.08 better than the Capital IQ Consensus of ($0.45); revenues rose 45.0% year/year to $165.6 mln vs the $167.12 mln Capital IQ Consensus.
• Reports Billings of $210.6 million, an increase of 28% from the third quarter of 2014. Guided for Billings of $225-$230 mln.
• Reports Non-GAAP operating margin of negative 32%, compared to negative 64% in the third quarter of 2014
• Co issues upside guidance for Q4, sees EPS of ($0.38)-($0.36) vs. ($0.40) Capital IQ Consensus Estimate. Expects Q4 Billings of $240-$260 million, gross margin of 72-74%, and operating margin of (31%)-(28%).

©Artremis / Eva Sawicka (11/5/15)