FireEye Fizzles on Conservative Guidance
FireEye Inc. (NASDAQ: FEYE) announced stronger-than-expected third-quarter 2017 results on Wednesday after the market closed, lauding strong sequential growth in subscription billings and a record quarter from its Mandiant services subsidiary. The cybersecurity specialist also continued to edge toward sustained profitability with the help of operating-efficiency improvements.
But shares plunged on Thursday after FireEye issued mixed fourth-quarter guidance relative to the market's expectations. Let's dig deeper to see what drove FireEye's business as it entered the second half of the year, and what investors should expect from the company as we look ahead.
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Source: Fool.com
