FireEye (FEYE) Stock Soars in After-Hours Trading on Q3 Beat

NEW YORK (TheStreet) -- Shares of FireEye  (FEYE) were gaining 13.35% to $12.48 in after-hours trading on Thursday on better-than-expected results for the 2016 third quarter. 

After the market close, the Milpitas, CA-based cyber security company reported an adjusted loss of 18 cents per share for the period, narrower than analysts' estimates of an adjusted loss of 31 cents per share. 

Revenue grew 13% year-over-year to $186.4 million and topped analysts' projections of $182.7 million.

For the current quarter, FireEye expects to report an adjusted loss between 16 cents and 18 cents per share on revenue between $187 million and $193 million. The FactSet consensus is for an adjusted loss of 20 cents per share on $196 million in revenue.

For 2016 FireEye anticipates an adjusted loss between $1.14 per share and $1.16 per share on revenue between $716 million and $722 million. Analysts are modeling an adjusted loss of $1.30 per share on $724 million in revenue.

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

FireEye's weaknesses include its deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

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

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 article's author. 

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