On Friday, FireEye, Inc. (FEYE) witnessed a gain of 1.41% in recent trading period with closing price of $17.21. The company’s last traded volume of 3453867 shares vs to an average volume of 3537.03K shares. In the trailing 12 months period, return on assets ratio of the Company was -9.10% and return on equity ratio was -37.20% while its return on investment ratio was -11.70%.
FireEye, Inc. (FEYE) recently reported financial results for the third quarter ended September 30, 2019.
Third Quarter 2019 Financial Results
- Revenue of $226M increased 7 percent from the third quarter of 2018 and was above the guidance range of $217M to $221M.
- Billings of $249M increased 13 percent from the third quarter of 2018 and were within the guidance range of $245M to $255M.1
- GAAP gross margin was 65 percent of revenue, contrast to 68 percent of revenue in the third quarter of 2018.
- Non-GAAP gross margin was 73 percent of revenue, contrast to 76 percent of revenue in the third quarter of 2018, and was above the guidance of about 72 percent of revenue.1
- GAAP operating margin was negative 24 percent of revenue, contrast to negative 17 percent of revenue in the third quarter of 2018.
- Non-GAAP operating margin was 2 percent of revenue, contrast to 7 percent of revenue in the third quarter of 2018, and was within the guidance range of 0 percent to 2 percent of revenue.1
- GAAP net loss per share was $0.31, contrast to GAAP net loss per share of $0.26 in the third quarter of 2018.
- Non-GAAP net income per diluted share was $0.02, contrast to non-GAAP net income per diluted share of $0.06 in the third quarter of 2018, and was at the high end of the guidance range of $0.00 to $0.02.1
- Cash flow provided by operating activities was $18M, contrast to cash flow provided by operating activities of $22M in the third quarter of 2018, and was within the guidance range of $15M to $25M.
Fourth Quarter and Updated 2019 Outlook
FireEye provides guidance based on current market conditions and expectations.
For the fourth quarter of 2019, FireEye presently expects:
- Revenue in the range of $224M to $228M.
- Billings in the range of $285M to $295M.
- Non-GAAP gross margin as a percent of revenue of about 73 percent.
- Non-GAAP operating margin as a percent of revenue in the range of 3 percent to 5 percent.
- Non-GAAP net income per diluted share between $0.03 and $0.05.
- Cash flow provided by operating activities between $57M and $67M.
- Capital expenditures between $10M and $12M.
Non-GAAP net income per diluted share for the fourth quarter assumes interest income on cash and cash equivalents and short-term investments will offset cash interest expense associated with the company’s convertible senior notes, provision for income taxes of between $1.5M and $2.0M, and weighted average diluted shares outstanding of about 220M.
For 2019, FireEye presently expects:
- Revenue in the range of $878M to $882M.
- Billings in the range of $937M to $947M.
- Non-GAAP gross margin as a percent of revenue of about 73 percent.
- Non-GAAP operating margin as a percent of revenue between 0 percent and 1 percent.
- Non-GAAP net income per diluted share between $0.01 and $0.03.
- Cash flow provided by operating activities between $85M and $95M.
- Capital expenditures between $48M and $50M.
Non-GAAP net income per diluted share for 2019 assumes provision for income taxes of between $5.5M and $6.0M, and weighted average diluted shares outstanding of about 215M.
In the liquidity ratio analysis; quick ratio for most recent quarter was 1.5 while current ratio for time period was 1.6. In most recent quarter, LT Debt/Equity ratio was listed at 1.2 and Total Debt/Equity ratio was noted at 1.35. FEYE added at 6.83% in past week and climbed with 16.21% in one month. During the past three-month period the stock surged of 33.83% and increased at 12.34% in past six month.
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