Here's Why The Best Is Yet to Come for FireEye, Inc.
As solid as the year's been -- its stock is up 14% in 2017 -- FireEye (NASDAQ: FEYE) shareholders got hit hard following its recently announced third-quarter earnings.
FireEye beat both revenue and earnings expectations, as it has all year, but its forecast for the current quarter didn't impress. The result was an immediate 15% nosedive. However, big movements either up or down based on analyst estimates are rarely a reliable indicator of a company's potential.
In FireEye's case, the knee-jerk reaction to its guidance is one more reason the best is yet to come.
Source: Fool.com
