3 Key Takeaways From FireEye's Q2 Earnings
Cybersecurity company FireEye (NASDAQ: FEYE) surpassed expectations in its second-quarter fiscal 2017 report on Aug. 1 thanks to double-digit growth in the subscription business that helped it reduce customer acquisition costs substantially. The cybersecurity specialist also impressed investors with its guidance, which turned out to be better than Wall Street's expectations.
Not surprisingly, FireEye stock soared in after-hours trading after the report's release, though have since retreated. But the stock is up about 19% year to date and I think there is more room to run. A closer look at key trends revealed by the company's latest quarterly report will provide more clarity about why FireEye investors can expect the company's stock price momentum to continue.
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Source: Fool.com
