NEW YORK (TheStreet) -- Shares of FireEye (FEYE) - Get Report were tumbling 15.1% to $14.22 in after-hours trading on Thursday after the company reported weaker-than-anticipated revenue for the 2016 second quarter and gave a disappointing outlook.
After today's closing bell, the Milpitas, CA-based cybersecurity solutions company posted revenue of $175 million, while analysts were looking for $181.7 million. Revenue rose 19% from last year.
FireEye said it had an adjusted net loss of 33 cents per share, which was narrower than the loss of 39 cents per share that analysts had expected.
For the third quarter, the company forecasts an adjusted net loss per share of 30 cents to 32 cents on revenue of $180 million to $186 million. Analysts are modeling a loss of 24 cents per share on revenue of $208.2 million.
FireEye sees a full-year loss between $1.28 per share and $1.32 per share on revenue of $716 million to $728 million. Analysts are projecting a loss of $1.24 per share on revenue of $793.7 million for 2016.
About 8.94 million of the company's shares were traded today vs. its average volume of 4.88 million shares per day.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FEYE