Analysts on average are modeling 2016 revenue of $793.5 million, according to FactSet. The next layoff at fireeye is happening with layoff cost saving .
Hillary Clinton will be keynote speaker for Fireeye Conference in October — are presented below the company info.
Multiple SVP’s and VP’s left (the good ones aren’t stupid) and the ones who remain and have even been promoted are the ones who are there to cut costs not grow anything. by Joe Panettieri • Apr 29, 2020 FireEye CEO Kevin Mandia “Once essentially a legacy security information and event management (SIEM), Helix is being transformed into a multifaceted cloud-based hub for cybersecurity and risk management. November 11, 2016 by Anonymous FireEye buys your company - tells you that we want to retain everyone so let's you convert stock options and additional RSUs. In his first major move since taking over the top spot for FireEye Inc., Chief Executive Kevin Mandia plans to cut hundreds of jobs and chop spending in several areas in order to find profit at a security firm where growth is slowing down.“We always knew somewhere around 2016, we’d have to change this company as we got scale, and we want to maintain the timeline for achieving non-GAAP profitability,” he said from the company’s Milpitas, Calif., headquarters in a telephone interview. Those that are in leadership positions that remain are the ones that spend an... Published. While revenue growth is slowing, Mandia believes that FireEye will return to stronger growth, even with the cuts. FireEye expects an adjusted loss of 3 cents to a penny a share on revenue of $213 million to $217 million for the second quarter, ... FireEye stock falls on outlook, company announces layoffs.
The company also plans to “define and own the security validation market” and focus on as-a-service technology.Eric Parizo, senior analyst at Omdia, doesn’t expect the FireEye layoffs to distract the company much. “I want to balance growth with profitability, and we’re serious about that path to profitability.”Chief Financial Officer Michael Berry said FireEye did not yet know exactly how many workers would lose their jobs, but that the company hopes to chop about 9% of its controllable costs, and cuts in the workforce are likely to mirror that percentage, which would mean about 300 to 400 positions eliminated.“We’ll do our best to go after infrastructure costs, discretionary spending and things like that, but unfortunately we will have to reduce employees as well,” Berry said.The cuts were announced along with earnings that disappointed relative to expectations and included a decline in FireEye’s annual forecast for the second consecutive quarter. How deep is the impact? The company's shares, which once topped $80, have fallen 19.2% so far this year to Thursday’s close of $16.75, while the S&P 500 index That company was acquired by FireEye.Despite financial issues, Mandia said he feels confident. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks. — Worst attrition at staff and above triggered by poor rewards. By using this site you agree to the Before serving as COO of FireEye, he started his own security business called Mandiant that first exposed Chinese involvement in hacks of U.S. government servers. Milpitas-based cybersecurity company FireEye plans to lay off 6 percent of its workforce in a restructuring plan, primarily in the older appliance-based product areas, it said Wednesday. Analysts on average expected FireEye to report quarterly adjusted losses of 39 cents a share on sales of $181.6 million, with billings of $209.6 million, according to FactSet.After bringing down its annual revenue forecast to a range of $780 million to $810 million from a previously stated range of $815 million to $845 million last quarter, FireEye brought down its 2016 target farther Thursday, to a range of $716 million to $728 million. I don't have numbers but lot of desks are empty. You should have seen the number of H1-B visa notices they put out this year. Copyright © 2020 Informa PLC.
How many will be affected with the next round of cuts?
Any news on how many people affected and from which locations/teams? Stay Safe everyone.