FireEye (FEYE) is set to report Q3 results tonight after the close with a conference call to follow at 5pm ET. FEYE is expected to report results at 4:01pm. Current Capital IQ consensus stands at a Loss of ($0.31) per share on Revenue of $182.26 mln.

Analysts remain cautious on the company ahead of the Q3 report as channel checks are suggesting an in line quarter at best. There is some hope though as FEYE released there new MVX sensor product in August and a new cloud product that will allow the co to reach smaller price-sensitive customers is expected on the horizon (most are hoping it will be announced this afternoon).

Q2 Recap

• FEYE reported Q2 (Jun) loss of $0.33 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of ($0.39). Revenues rose 18.9% year/year to $175 mln vs the $181.57 mln Capital IQ Consensus.
• Co issued guidance for Q3, seeing EPS of ($0.32)-($0.30), excluding non-recurring items, vs. ($0.24) Capital IQ Consensus Estimate. FEYE expectes revenue in the range of $180-186 mln vs. $208.09 mln Capital IQ Consensus Estimate.
  • Total Billings in the range of $200-215 mln.
  • Operating margin in the negative 25-27% range.