Stock Monitor: Cloudera Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 13, 2017 / Active-Investors free earnings report on FireEye, Inc. (NASDAQ: FEYE) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=FEYE. The Company posted its financial results for the third quarter fiscal 2017 on November 01, 2017. The cybersecurity solution provider's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Cloudera, Inc. (NYSE: CLDR), which also belongs to the Technology sector as the Company FireEye. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, FireEye most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

For three months ended September 30, 2017, FireEye's total revenue increased 1.7% to $189.60 million from $186.41 million in Q3 FY16. For the reported quarter, the Company's adjusted billings decreased 6.4% to $201.68 million from $215.38 million in Q3 FY16. The Company's total revenue surpassed analysts' expectations of $186 million.

During Q3 FY17, FireEye's gross profit increased 3.4% to $121.39 million from $117.36 million in the same period last year. For the reported quarter, the Company's gross margin increased 100 basis points to 64% of revenue from 63% of revenue in the third quarter of last year. For the reported quarter, the Company's adjusted gross margin was 74% of revenue, on par with 74% of revenue in the third quarter of last year.

During Q3 FY17, FireEye's operating loss was $61.68 million compared to operating loss of $111.35 million in the same period last year. For the reported quarter, the Company's adjusted operating loss was $4.68 million compared to adjusted operating loss of $26.63 million in Q3 FY16.

During Q3 FY17, FireEye's earnings before tax (EBT) was negative $71.82 million compared to negative $122.15 million in the same period last year.

For the reported quarter, FireEye's net loss was $72.95 million compared to net loss of $123.37 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was negative $0.41 compared to negative $0.75 in the same period last year. For the reported quarter, FireEye's adjusted net loss was $6.49 million compared to adjusted net loss of $29.44 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS was negative $0.04 compared to negative $0.18 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of negative $0.07.

FireEye's Segment Details

Product - During Q3 FY17, the Product segment's revenue decreased 30.5% to $30.47 million from $43.86 million in the same period last year. For the reported quarter, the segment's gross profit decreased 38.7% to $16.66 million from $27.18 million in Q3 FY16.

Subscription and Services - During Q3 FY17, the Company's Subscription and Services segment's revenue increased 11.6% to $159.13 million from $142.55 million in the same period last year. For the reported quarter, the segment's gross profit increased 16.1% to $104.73 million from $90.18 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, FireEye's cash and cash equivalents decreased 28.1% to $160.81 million from $223.67 million on December 31, 2016.

For the reported quarter, the Company's net accounts receivable decreased 0.8% to $120.17 million from $121.15 million in Q4 FY16. For the reported quarter, the Company's accounts payable increased 60.3% to $32.49 million from $20.27 million in the fourth quarter of 2016.

In the first nine months of 2017, FireEye's cash provided by operating activities was negative $15.94 million compared to negative $21.52 million in the same period last year.

Outlook

For FY17, the Company expects revenue to be in the range of $739 million to $745 million and billings to be in the range of $736 million to $756 million. The Company estimates adjusted diluted EPS to be in the range of $0.16 to $0.19 for fiscal 2017.

Stock Performance Snapshot

December 12, 2017 - At Tuesday's closing bell, FireEye's stock slightly declined 0.50%, ending the trading session at $14.02.

Volume traded for the day: 2.46 million shares.

Stock performance in the past twelve-month period ? up 5.26%; and year-to-date ? up 17.82%

After yesterday's close, FireEye's market cap was at $2.56 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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