FireEye, Inc. (FEYE) is set to announce first-quarter earnings tonight after the close with a conference call scheduled for 5:00 pm E.T. Analysts expect the cybersecurity software firm to report earnings per share of ($0.50) and revenue of $171.86 million. That would be $0.14 lower the ($0.36) per share posted last quarter and $0.02 higher the ($0.48) posted in the Q115. Revenue is projected to be $46.46 million higher than the $125.4 million posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of ($0.48) per share.
As a quick reminder, FireEye reported Q415 EPS of ($0.36), $0.01 better than the Street’s consensus estimate. Revenues increased 29.23% year-over-year to $184.8 million versus the $185.3 million consensus.
In terms of guidance, the Milpitas, California-based company is expected to update its EPS for full-FY2016 which currently stands at ($1.27) – ($1.20) and revenue of $815-$845 million.
FEYE Stock Price
FireEye’s shares have declined 7.27% in the last 4 weeks while advancing 14.17% in the past three months. Over the past 5 trading sessions FEYE stock has lost 11.38%. The $2.65 billion market cap company has a median Street price target of $22.00 with a high target of $45.00. FireEye is down 60.06% year-over-year and about 22% year-to-date.
FEYE stock closed at a 10-week low on Wednesday. The name is currently trading at $16 and change.
The chart below shows where the equity has traded over the last 52 weeks.