NEW YORK, NY / ACCESSWIRE / February 12, 2018 / Shares of Proofpoint and FireEye were both gaining speed on Friday to close in the green. Strong earnings from both companies had traders celebrating.

RDI Initiates Coverage on:

FireEye, Inc.
https://rdinvesting.com/report/?ticker=FEYE

Proofpoint, Inc.
https://rdinvesting.com/report/?ticker=PFPT

FireEye's shares closed up 9.35% on nearly 21 million shares traded on Friday. It was better than expected fourth quarter results that had shares flying. The cyber security company reported after the market close last Thursday and posted adjusted earnings of $0.01 per share. Even if small, it was the very first quarterly profit in the company's history. Reported sales of $202.3 million was also ahead of $193.7 million that analysts were waiting for. The company's forecast for this quarter and for the full year was also ahead of consensus. CEO Kevin Mandia stated, "We are building FireEye for the long-term, and we begin 2018 with a solid foundation for future growth and increased profitability. ... The combination of our expertise on the front lines, our threat intelligence, and our machine-generated cyber attack data gives us greater visibility into the threat environment than any other security company. I believe this is a sustainable competitive advantage for us. We leverage our unique insights in our continuous innovation cycle that allows us to rapidly adapt our solutions, deliver expertise on demand, and remain relevant for our customers as the threat landscape evolves."

Access RDI's FireEye, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=FEYE

Proofpoint's shares closed up 4.46% on about 1.2 million shares traded this past Friday. Trading volume was more than double compared to usual after the company reported its fourth quarter earnings report earlier in the week. Proofpoint had a solid fourth quarter that marked the eight straight quarter in a row of better than expected results. Q4 results were a smash in both the top and bottom line. The company reported total revenue of $145.4 million. This was ahead of the $140 million analysts expected and was a 36.1% YOY growth. The number also beat the company's own guidance of $138-$140 million. Non-GAAP earnings came in at 29 cents, way ahead of the 21 cents analysts waited for and ahead of the company's projection of 19-21 cents. It was also a 61% growth YOY. Looking ahead for full-year 2018, Proofpoint has raised its revenue guidance but lowered its earnings forecast. Revenues are expected to be in the range of $660-$665 million. Previously the company had projected $644-$648 million. Analysts are waiting for $663.5 million. EPS is expected to be 95 cents to $1.02. Previously the company had forecast 96 cents to $1.03. Analysts are waiting for $1.02.

Access RDI's Proofpoint, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=PFPT

Our Actionable Research on FireEye, Inc. (NASDAQ: FEYE) and Proofpoint, Inc. (NASDAQ: PFPT) can be downloaded free of charge at Research Driven Investing.

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