FireEye's peer Cyberark Software Ltd
Choi is modeling FireEye to lose $0.31 per share on revenue of $182.9 million. Perhaps more importantly, the analyst is focused on two initiatives.
1. Scanner Growth
FireEye's private cloud cluster + edge scanners were released in limited quantities to 30 to 50 customers, so the analyst is looking for an update to any future broader deployment.
Choi added that he is also interested in any impact this will have to large, multi-year contracts that are due for renewal.
For existing customers, incremental investment would be the data center cluster and edge scanners, while DTI subscription and support services remain the same.
The second notable point for investors to follow is FireEye's security-as-a-service business.
FaaS billings growth slowed down as of late from 100 percent in the fourth quarter of 2015 and FaaS 2.0 is expected to re-accelerate growth as it expands the monitored alerts to include third-party products.
The analyst is also watchful of emerging alternatives in real-time detection platforms and adjacent threat hunting solutions.
|Sep 2016||Cowen & Co.||Initiates Coverage on||Market Perform|
|Sep 2016||Pacific Crest||Initiates Coverage on||Sector Weight|
|Sep 2016||UBS||Initiates Coverage on||Neutral|
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