Stock Monitor: BSQUARE Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free earnings report on FireEye, Inc. (NASDAQ: FEYE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FEYE. The Company reported its first quarter fiscal 2018 operating and financial results on May 02, 2018. The computer security software Company surpassed revenue estimates, while its earnings were in-line with market expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for BSQUARE Corporation (NASDAQ: BSQR), 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 our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, FireEye recorded revenues of $199.1 million, reflecting an increase of 8% compared to $184.8 million in Q1 2017. The Company's revenue numbers topped analysts' estimates of $194.1 million.

During Q1 2018, FireEye's GAAP gross margin was 66% compared to 64% in Q1 2017. The Company's reported quarter non-GAAP gross margin came in at 74% compared to 74% in the year earlier same quarter.

For Q1 2018, FireEye's GAAP operating margin was negative 31% compared to negative 36% in Q1 2017. The Company's non-GAAP operating margin was negative 3% compared to negative 4% in the reported quarter.

FireEye's GAAP net loss was $71.8 million, or $0.39 per share, in Q1 2018 compared to a GAAP net loss of $77.2 million, or $0.45 per share, in Q1 2017. The Company's non-GAAP net loss per share was $0.04 in the reported quarter compared to a non-GAAP net loss per share of $0.05 in the prior year's comparable quarter. FireEye's revenue numbers were in-line with market estimates for a loss of $0.04 per share.

Operating Details

During Q1 2018, FireEye's billings increased 21% to $175.1 million on a y-o-y basis. The Company's customer retention remained at approximately 90% in the reported quarter. On a dollar basis, FireEye's renewal rate, including of up-sells and cross-sells, remained above 100%.

For the reported quarter, the Company closed one renewal transaction slightly over $10 million. By comparison, the Company had no transactions greater than $10 million in the year earlier corresponding quarter. Overall, FireEye booked 29 transactions greater than $1 million in Q1 2018, the same as in Q1 2017. FireEye ended the quarter with $500 million in annual recurring revenue (ARR), reflecting an increase of 14% from the end of Q1 2017, and an increase of 2% on a q-o-q basis.

FireEye's contract length increased slightly to 22.8 months in Q1 2018 from 22.3 months in Q1 2017, reflecting a slightly lower average contract length on product and related subscription and support, and a higher average contract length on cloud subscriptions and manage services compared to the year ago. The Company added 230 new customers in the reported quarter compared to 237 in the prior year's same quarter.

Cash Matters

During Q1 2018, FireEye's cash flow generated by operations was $9 million compared to negative $17 million in Q1 2017. The Company ended the reported quarter with $886 million in cash and short-term investments, and had DSOs based on billings of just 53 days. FireEye's deferred revenues were $886 million at the end of Q1 2018, representing a split of 60-40 between current- and long-term.

Outlook

For the second quarter of the fiscal year 2018, FireEye is forecasting total revenues in the range of $199 million to $203 million, and billings in the band of $180 million to $195 million. The Company is expecting non-GAAP gross margin of approximately 74% and non-GAAP operating margin in the range of negative 2% to positive 1% for Q2 2018. FireEye is estimating non-GAAP net loss per share of $0.03 to $0.00, and cash flow generated by operations between zero and negative $15 million.

For the full fiscal year 2018, FireEye is projecting revenues in the band of $820 million to $830 million, and billings in the range of $815 million to $835 million. For FY18, FireEye is anticipating non-GAAP operating margin between 1% and 2% and non-GAAP net income per share between $0.00 and $0.04. The Company is estimating positive cash flow generated by operations of $50 million to $60 million.

Stock Performance Snapshot

June 01, 2018 - At Friday's closing bell, FireEye's stock was marginally up 0.66%, ending the trading session at $16.80.

Volume traded for the day: 3.03 million shares.

Stock performance in the previous six-month period ? up 21.56%; past twelve-month period ? up 9.30%; and year-to-date ? up 18.31%

After last Friday's close, FireEye's market cap was at $3.20 billion.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 1.8% at the end of the session.

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