Cybersecurity company FireEye Inc reported higher-than-expected quarterly revenue but said it expects a bigger loss in 2014 as it spends more on developing new products.The company uses cloud-based technologies to help businesses fight off sophisticated computer viruses that evade old-school anti-virus software made by companies such as Symantec Corp and Intel Corp's McAfee security division.Shares of FireEye, which went public last September, fell as much as 8 percent in extended trading.The company also said it would acquire privately held nPulse Technologies for about $70 million. NPulse handles ultra-fast search and analysis of network traffic and helps customers detect and prevent data loss.
FireEye, Inc. invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. Shares of FEYE fell by 7.71% or $-3.1/share to $37.13. In the past year, the shares have traded as low as $33.30 and as high as $97.35. On average, 4117590 shares of FEYE exchange hands on a given day and today's volume is recorded at 6195778.
Source
