FireEye reported $175 million in second quarter 2016 revenue, which fell short of its previous projection of $178 million to $185 million. CEO Kevin Mandia blamed shortfall on attackers increasingly favoring extortion-style attacks. Mandia came to FireEye via its nearly $1 billion acquisition of cybersecurity firm Mandiant in 2014. FireEye’s lower-than-expected revenue “totally by surprise,” Gartner analyst Lawrence Orans says. Sandbox technology market dynamics have changed, and now they face more competition, he says.”]
Source: https://www.cuinfosecurity.com/blogs/fireeye-ransomware-up-but-revenue-comes-up-short-p-2216