This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FireEye (FEYE) Jumps on Acquisition, Guidance Boost

Stocks in this article: FEYE

NEW YORK (TheStreet) -- FireEye (FEYE) rose 24% to $51.00 in after-hours trading on Thursday after announcing it will acquire computer forensics company Mandiant for $1.05 billion in cash and stock, reported preliminary results for the fourth-quarter, and updated 2014 guidance based on the acquisition.

Mandiant is best known for revealing a Chinese military unit that was reportedly behind several hacking attacks on U.S. companies. Last year the two companies entered a partnership that made both services easier to deploy together. The merger should help FireEye strengthen its current cybersecurity products.

FireEye CEO David DeWalt said the merger will help organizations that are now "faced with knitting together a patchwork of point products and services to protect their assets from advanced threats."

In a separate press release on Friday FireEyes increased its guidance for the fourth quarter. The company now expects revenue of between $55 million and $57 million for the fourth- quarter, compared to the previous guidance of $52 million to $54 million. FireEye also expects total revenue for 2013 to be between $159 million and $161 million, compared to previous estimates of between $156 million and $158 million.

"Total fourth quarter billings are expected to be in the range of $95 to $100 million, compared with previous guidance of $82 to $86 million," the company said in a press release. "Total billings for the year are expected to be between $254 and $259 million, compared with previous guidance of $240 to $245 million."

FireEye also noted that 2014 revenue would be between $400 and $410 million as a result of the Mandiant acquisition, up from a previous forecast of $240 million to $250 million.  Total billings for 2014 are expected to be between $540 and $560 million, compared with the previous expected range of $350 to $370 million.

FEYE Chart FEYE data by YCharts

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs