FireEye stock jumped by as much as 15 percent after the Milpitas data security company beat earnings projections thanks to cost-cutting by recent CEO Kevin Mandian.
The Milpitas company (NASDAQ:FEYE) said it chopped 350 jobs in the third quarter,right in the middle of the forecast it announced three months ago, and said it should show an adjusted profit in the fourth quarter of 2017 and own positive cash flow for that entire year.
FireEye posted an adjusted third quarter loss of 18 cents a share.…
Source: bizjournals.com