David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

FireEye A Reasonably Priced Growth Stock

FireEye, Inc. (NASDAQ:FEYE) is a provider of cyber security solutions. Their solutions are used in the detection of unknown, highly sophisticated malware, and persistent attacks. Management has been rapidly growing operations and revenue. They have increased their sales and support reach from a few countries to over 65 countries and nearly 2500 customers. FireEye's revenue growth has been staggering. Revenue has grown from $1.6 million in 2009 to $161.6 million in 2013 or at a CAGR of 215.0%. This rapid growth is expected to continue in 2014. Revenue is expected to grow 161.8% y/y. Although revenue has grown fast, operating expenses have actually grown even faster. From 2009-2013, total operating expenses increased at a CAGR of 329.3%. The...

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