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FireEye (NASDAQ: FEYE) has announced that its Mandiant Managed Defense service now integrates with Microsoft Defender for Endpoint. This collaboration aims to enhance security operations by leveraging Mandiant's intelligence alongside Microsoft’s technology. The integration will enable customers to respond more swiftly to cyber threats, maximizing the value of their security investments. The Managed Defense service optimizes security capabilities regardless of the endpoint, offering a competitive edge through advanced threat hunting and incident response expertise.
FireEye, Inc. (NASDAQ: FEYE) announced Q1 2021 financial results, reporting revenue of $246 million, up 10% year-over-year. The company highlighted strong growth in its Platform, Cloud Subscription, and Managed Services categories, which rose 26% year-over-year. Annualized recurring revenue increased by 9% to $643 million. Notably, non-GAAP net income per share improved to $0.08 from $(0.02). FireEye introduced two new modules to its Mandiant Advantage platform aimed at enhancing cybersecurity capabilities. The company also provided updated guidance for 2021.
FireEye (NASDAQ: FEYE) has expanded its Mandiant Advantage SaaS platform by introducing Mandiant Automated Defense, which enhances its multi-vendor XDR capabilities. This new module significantly reduces alert volume, processing over 52 billion alerts down to fewer than 700 prioritized investigations in February 2021. Mandiant Automated Defense leverages data science and machine learning to triage alerts swiftly, helping security teams focus on relevant threats while minimizing false positives. The platform supports over 60 security technologies to improve cybersecurity operations.
FireEye, Inc. (NASDAQ: FEYE) released its 2021 Mandiant M-Trends report, highlighting a significant reduction in global median dwell time to just 24 days, a notable drop from 56 days in 2019. The report examined evolving cyber threats, with a focus on industries increasingly targeted by threat actors. Internal detection of cyber incidents improved to 59%, particularly in the Americas. Additionally, multifaceted extortion and ransomware were identified as prevalent risks. Key industries impacted included Retail, Hospitality, and Healthcare, reflecting the ongoing challenges posed by the pandemic.
FireEye, Inc. (NASDAQ: FEYE) has appointed John Watters as president and chief operating officer. With extensive experience, including founding iSIGHT Partners and holding various senior roles at FireEye, Watters aims to accelerate the company's transition to Security as a Service. CEO Kevin Mandia praised his operational knowledge and passion for security. Watters emphasized the opportunity to innovate in the security sector, aligning with the company's mission to enhance Mandiant solutions. FireEye serves over 9,900 customers worldwide, including more than 50% of the Forbes Global 2000.
FireEye, Inc. (NASDAQ: FEYE) will announce its first quarter 2021 financial results on April 27, 2021, after U.S. market close. The company will host a conference call the same day at 5 p.m. ET to discuss these results. Interested parties can join by calling 877-312-5521 (domestic) or 678-894-3048 (international), or by accessing a live audio webcast on their Investor Relations website.
FireEye provides a comprehensive security platform featuring advanced technologies and Mandiant consulting, serving over 9,900 customers globally.
FireEye, Inc. (NASDAQ: FEYE) has been recognized as a leader in external threat intelligence services by Forrester Research in its Q1 2021 report. The report highlights FireEye-Mandiant’s exceptional strength in threat intelligence, attributed to its incident response consultancy and managed security services. Customers have expressed high satisfaction with the Mandiant Advantage portal, which sets a benchmark in vulnerability intelligence subscriptions. FireEye serves over 9,900 customers globally, including more than 50% of the Forbes Global 2000.
FireEye (NASDAQ: FEYE) introduced two new insider threat security services under the Mandiant brand. These services aim to help organizations establish insider threat programs and provide ongoing protection against malicious activities. The rise in insider threat incidents poses significant risks to organizational reputation and trust. Mandiant's services include a point-in-time assessment and a subscription-based program, both focusing on vulnerabilities in people, processes, and tools. The services leverage Mandiant's expertise to bolster insider threat visibility and response.
