This Cybersecurity Stock Could Be a Risky Bet
While the broader stock market has recovered to some extent after the novel coronavirus (COVID-19) pandemic crushed investor confidence back in March, FireEye (NASDAQ: FEYE) continues to languish thanks to concerns about the company's growth and competitiveness. FireEye's fiscal first-quarter results contained a big red flag, as billings fell 7% year over year to $170 million. The novel coronavirus outbreak shaved off $10 million to $15 million from FireEye's first-quarter billings and forced the company to withdraw its annual billings guidance.