FireEye Inc FEYE shares are trading lower by $1.95 (14 percent) at $11.02 in Friday's session.
The catalyst for the decline is a mixed Q4 report that included a Q4 EPS beat of $0.13 but on lower revenues by $6.26 million. The company also lowered Q1 guidance for EPS from estimates of $(0.24) to ($0.26-$0.28) and revenues from estimates of $176 million to the $160-$166 million range.
The disappointing report and guidance has taken the issue to a new all-time low, eclipsing the former low that was made on November 3 at $10.87.
After a lower open, it bottomed in the first minute of trading at $10.63 and began to move higher. So far, it has climbed into the $11.00 level as $11.08 stands as the current high. In order to reach the lower-end of Thursday's range, it would need to reach $12.92.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.