Shares of FEYE are cratering after yet another earnings miss. This whole hacker nightmare, internet security narrative, is useless to the investment community. There’s nothing investable about it. There are so many so called experts in the space that pricing powers have waned and deflationary forces have taken hold.
FireEye sees Q2 $(0.40)-(0.38) vs ($0.36) Capital IQ Consensus Estimate; sees revs $178-$185 mln vs $193.25 mln Capital IQ Consensus Estimate
FireEye sees FY16 $(1.27)-(1.20) vs ($1.25) Capital IQ Consensus Estimate; sees revs $780-810 mln vs $828.34 mln Capital IQ Consensus Estimate
Shares of FEYE are lower by 6% in the after hours.
On the other hand, Greenlight Capital’s new pick, YELP, is ripping higher on an earnings beat. I haven’t frequented an eatery in well over 5 years without first using YELP to see the bad reviews.
Yelp sees FY16 revs $690-702 mln vs $690.95 mln Capital IQ Consensus Estimate; Adjusted EBITDA is expected to be in the range of $93 million to $105 million
Yelp sees Q2 revs $167-171 mln vs $167.51 mln Capital IQ Consensus Estimate; Adjusted EBITDA is expected to be in the range of $21 million to $25 million
Yelp is higher by 8% in the after hours.
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CYBR beat on top and bottom line. There are winners and losers in cybersecurity, same as most other markets.
Yelp’s unique blend of crowd-sourced dumbfuckery and mob-style extortion continues to outperform. Bravo!
I really want to see that documentary come out and “prove” these extortion tactics.
Most of these people just don’t know how to run a business.
It can’t be practically proven. Yelp is bulletproof!
And it doesn’t matter, anyway. The Ninth Circuit Court of Appeals ruled Yelp has the right to publish or withhold user reviews at its discretion, for any reason. If Yelp chooses, it can block 5-star reviews and tank the average rating of a non-compliant business with impunity. “It’s not our fault the retarded general public has such faith in our rating system!” The only recourse of said business is to destroy the public’s trust of Yelp, an impossible task. Brilliant!