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FireEye gives weak forecast for Q4, shares drop

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Published Thu, Nov 2, 2017 · 09:50 PM

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Bengaluru

CYBERSECURITY firm FireEye Inc said on Wednesday it was likely to post an adjusted loss for the fourth quarter, hurt by shorter contract lengths.

FireEye also estimated lower-than-expected billings for the current quarter, indicating a weaker revenue forecast, sending its shares tumbling about 14 per cent in trading after the bell.

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