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FireEye revenue forecast largely below Street, shares slide

November 4, 2014 creative computex, cybersecurity, expects-revenue, fourth, president, revenue-largely, soham, soham-chatterjee

By Soham Chatterjee (Reuters) – Cybersecurity company FireEye Inc forecast quarterly revenue largely below average analyst expectation as customers increasingly shifted to subscription-based products, away from on-premise equipment that brought in revenue upfront. FireEye shares were down 22 percent in after-market trading. The company said it expects revenue of $135 million-$147 million for the fourth quarter ending December.