FireEye Ends 2018 With Record Revenue and Billings; Maintaining FVE of $15
No-moat FireEye reported fourth-quarter revenue of $218 million, which is 6% year-over-year growth. The year closed in line with our forecast at $831 million, a 7% increase over 2017; however, FireEye's 2019 revenue guidance was lower than our expectations. We expect longer-term operating margin expansion to make up for the shorter-term revenue headwinds. In turn, we are maintaining our fair value estimate of $15 per share.For the year, billings of $856 million grew by 12%. Product, related sub...
FireEye provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. The company's portfolio of cybersecurity products and services is designed to minimize the risk of cyber security breaches by detecting and preventing advanced, targeted and other evasive attacks, as well as enabling management of security operations, including alert management, investigation and response when a breach occurs. The company provides threat detection and prevention solutions, security orchestration, analytics and management solutions, threat intelligence subscriptions, on-demand and managed service subscriptions, and other services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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