NEW YORK (TheStreet) -- FireEye (FEYE) - Get Report  shares are down 18.44% to $23.75 in pre-market trading on Thursday after the cyber-security company released weak third quarter 2015 earnings results. Earnings beat forecasts while revenue missed.

The Milpitas, CA-based company on Wednesday after the market close reported a loss of 37 cents a share on revenue of $165.6 million.

Analysts had expected the company to post a loss of 45 cents a share on revenue of $167.1 million.

During this period last year, the company reported a loss of 51 cents a share on revenue of $114.2 million. 

Overall, there has been a slowdown in large-scale attacks, MarketWatch said. 

Even though sales missed estimates, CEO David DeWalt added, "The new releases of our MVX engine and our HX endpoint platform last month, together with the partnerships we announced during the quarter, further strengthened our ability to detect, prevent and contain advanced threats."

Looking ahead, FireEye slashed its full-year revenue outlook to between the range of $620 million to $628, down from its previous outlook range of $630 million to $645 million.

The sales cut comes as U.S. and China have been taking action to curb cyber syping, leading to weaker demand for FireEye's security products, the company said. 

Separately, TheStreet Ratings team rates FIREEYE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate FIREEYE INC (FEYE) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: FEYE

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