Cybersecurity firm FireEye (NASDAQ: FEYE) reported first-quarter 2020 earnings results on Tuesday after the regular trading hours. For the quarter, the company reported losses that were two cents narrower than expected on revenues that topped estimates.
In a statement, CFO Frank Verdecanna said, “Given the uncertainty regarding the duration and impact of COVID-19, we are withdrawing our billings and operating cash flow guidance for the full year 2020. In addition, the guidance that we are providing for Q2 2020 and the full year 2020 comes with the caveat that there is significant uncertainty caused by the COVID-19 pandemic, and that actual results could differ materially from our outlook.”
FEYE stock fell 6.3% immediately following the announcement. The stock has lost 32% of its value since the start of this year.
Competitor Fortinet (NASDAQ: FTNT) is scheduled to announce quarterly results on May 6.
[irp posts=”50479″]
Most Popular
Stock Watch: Is Darden Restaurants a good buy after earnings?
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
Lennar (LEN) believes that despite near-term challenges, the long-term prospects for housing remain strong
Shares of Lennar Corporation (NYSE: LEN) were down 3% on Monday. The stock has dropped 36% year-to-date and 25% over the past 12 months. The homebuilder delivered mixed results for
KB Home (KBH): What did and did not work for the homebuilder in the third quarter
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
