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Why FireEye (FEYE) Stock Is Tumbling Today

NEW YORK (TheStreet) -- Shares of FireEye (FEYE) were diving 13.4% to $14.51 on heavy trading volume in mid-morning trading on Friday after the company posted weak revenue for the 2016 second quarter, gave disappointing guidance and was downgraded by several firms.

After yesterday's closing bell, the Milpitas, CA-based cybersecurity company reported revenue of $175 million, below analysts' estimates of $181.7 million. Revenue climbed 19% year-over-year.

The company said it had an...