FireEye Jumps Over a Low Bar, Reduces 2019 Guidance Anyway
FireEye (NASDAQ: FEYE) announced second-quarter 2019 results on Tuesday after the market closed. The cybersecurity platform leader handily beat its own light revenue guidance that was first provided in late April, then updated a month later to reflect the contributions of a recent acquisition.
But despite its relative top-line outperformance to end the first half, FireEye left the market flustered by missing earnings expectations and lowering its full-year revenue and profit guidance. Let's log in, then, for a better idea of what drove these seemingly conflicting stories.
IMAGE SOURCE: FIREEYE.
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