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Why FireEye’s Fiscal 4Q17 Results Matter


Feb. 9 2018, Updated 10:33 a.m. ET

FireEye’s Fiscal 4Q17 expectations

FireEye (FEYE), a leading player in the cybersecurity space, is scheduled to announce its fiscal 4Q17 earnings on February 8, 2018. Analysts expect the company to report revenue and non-GAAP (generally accepted accounting principles) loss per share of ~$193.6 million and $0.01, respectively, in fiscal 4Q17. These forecasted figures indicate a YoY (year-over-year) growth of 5% and 67%, respectively.

For fiscal 4Q17, FireEye expects its revenue and loss per share to be in the range of $190 million–$196 million and $0.00–$0.03, respectively. Notably, FireEye’s management is known for its conservative outlook.
analysts expectatations

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Increase in hacking and data breaches is benefitting FireEye and peers

Meanwhile, consumers’ overconfidence in their existing security systems has benefitted hackers significantly in 2017. According to the Symantec’s (SYMC) 2017 Norton Cyber Security Insights Report released last week, hackers stole approximately $172 billion in data from 978 million consumers in 20 countries in 2017.

The growth in cyberattacks and data breaches from WannaCry, Petya, and Equifax (EFX) has increased the demand for app security and has led to an increase in cybersecurity spending.

According to MarketsandMarkets, the cybersecurity industry revenue is expected to hit $232 billion in 2022, compared with $137.8 billion in 2017. As a result, cybersecurity companies like FireEye and Symantec, which are engaged in identity protection security solutions, have seen a significant boost in 2017.

In this series, we’ll do a broad analysis of FireEye’s business, performance, and outlook. Continue to the next part (below) for a close look at one of FireEye’s recent key acquisitions—and how it could be a game changer for the company.


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