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FireEye: Ransomware Up, But Revenue Comes Up Short

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 acquisition of Mandiant in 2014, after which he was reportedly groomed to take the helm of FireEye. FireEye’s stock price has declined about 14 percent in value since Aug 4, when it released its second-quarter 2016 revenue.”]

Source: https://www.careersinfosecurity.com/blogs/fireeye-ransomware-up-but-revenue-comes-up-short-p-2216

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