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FireEye (NASDAQ: FEYE) announced its 2021 schedule for monthly threat briefings aimed at investors and analysts. These briefings, led by Mandiant experts, will provide insights into global cyber threats and trends. They are set to begin on March 16, 2021, and will continue monthly, with webcasts available in the Investor Relations section of FireEye's website. The company serves over 9,900 customers in 103 countries, including more than 50% of the Forbes Global 2000, combining security technologies with threat intelligence to tackle cyber challenges.
FireEye, Inc. (NASDAQ: FEYE) has announced a threat briefing and demonstration of its Mandiant Advantage Threat Intelligence platform for investors and analysts, scheduled for February 25, 2021, at 8:00 a.m. PT / 11:00 a.m. ET. The event will feature key speakers including CEO Kevin Mandia and EVP Sandra Joyce. The session will be available via live webcast and later as an archive. FireEye provides a unified security platform combining advanced technologies and threat intelligence, serving over 9,900 customers globally, including a significant portion of the Forbes Global 2000.
FireEye (NASDAQ: FEYE) recently released the IDC InfoBrief titled "The Voice of the Analysts," revealing critical insights into security operations. The study highlights that 45% of alerts received by security analysts are false positives, leading to alert fatigue and reduced productivity. Additionally, three-quarters of analysts express significant concern over missing real threats due to overwhelming alerts. The report suggests that automation tools, particularly Extended Detection and Response, could alleviate these issues and improve the efficiency of Security Operations Centers (SOCs).
FireEye (NASDAQ: FEYE) announced its participation in several upcoming virtual investor conferences. The presentations include:
- Goldman Sachs Technology and Internet Conference on February 10 at 12:40 p.m. PT
- JMP Securities Technology Conference on March 1 at 10:00 a.m. PT
- Morgan Stanley Technology, Media and Telecom Conference on March 2 at 10:15 a.m. PT
- Truist Securities Technology Conference on March 10 at 9:10 a.m. PT
All presentations will be webcast, with links available on their investor relations website.
FireEye, Inc. (NASDAQ: FEYE) has appointed Bryan Palma as the new Executive Vice President of FireEye Products. Palma will lead the product team to enhance the company's product portfolio and improve SaaS security solutions aimed at protecting modern enterprises. His extensive experience includes roles at Blackberry, Cisco, Boeing, and Hewlett Packard, where he transformed security operations and escalated business growth. CEO Kevin Mandia highlighted Palma's operational expertise as crucial for advancing FireEye's innovative security offerings across various environments.
FireEye, Inc. (NASDAQ: FEYE) recently held its 2020 Partner Awards, celebrating the top partners who significantly contributed to the company's growth and customer protection. The award ceremony took place virtually during the annual FireEye Momentum conference. Key winners included Carahsoft, recognized as Distributor of the Year, and rSolutions, which doubled its bookings year-over-year. Notable performances from NTT Australia and NTT Communications also highlighted substantial growth, enhancing FireEye's security solutions integration.
FireEye, Inc. (NASDAQ: FEYE) reported a 5% increase in Q4 2020 revenue, totaling $248 million, and a 6% increase in full-year revenue to $941 million. The annualized recurring revenue rose 8% to $638 million. Notably, GAAP net loss per share improved to $(0.17) in Q4 from $(0.23) in Q4 2019, and full-year GAAP net loss per share declined to $(0.93). Operating cash flow increased by $31 million in Q4. FireEye anticipates continued momentum in its platform and services as organizations focus on intelligence-led security.
FireEye (NASDAQ: FEYE) has released the Ponemon Institute's report highlighting increasing costs and declining ROI for Security Operations Centers (SOCs). Over 51% of organizations report worsened ROI due to rising management complexity and outsourcing costs, with average annual costs for security monitoring hitting $5.3 million. Despite higher salaries, SOC worker morale has declined, with 85% finding the work painful. However, investments in Extended Detection and Response (XDR) and automation tools are expected to improve performance and employee satisfaction.
FireEye, Inc. (NASDAQ: FEYE) has announced it will release its financial results for the fourth quarter and fiscal year 2020 on February 2, 2021, after the U.S. markets close. The company will host a conference call at 5 p.m. ET to discuss these results. Interested parties can join the call by dialing 877-312-5521 domestically or 678-894-3048 internationally. A live audio webcast will also be available on their Investor Relations website, with an archived version accessible afterward.