You Wouldn't Believe the Size of FireEye, Inc's Subscription Sales and Operating Expenses
Based on the easing of its stock price heading into fiscal 2017's second quarter earnings announcement, it appeared investors weren't expecting much from FireEye (NASDAQ: FEYE). After breaking through the $16 a share plateau on July 25, FireEye's stock sank 9% before sharing earnings after the close Aug. 1. As it turns out, the negativity was unfounded as FireEye not only handily beat its own guidance, but pundit's estimates as well.
While the good tidings surrounding FireEye's higher-than-expected revenue and considerably lower per-share earnings loss were nice, it was once again CEO Kevin Mandia and team delivering on their promise to run a more efficient business built on subscription sales that were the real highlights.
Image source: FireEye.
Source: Fool.com
Palo Alto Networks Stock
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