Cybersecurity Acquisition and Guidance Raised Sends FireEye (FEYE)
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FireEye, Inc. (FEYE)
Our daily life, economic vitality, and national security depend on a stable, safe, and resilient cyberspace. We rely on this vast array of networks to communicate and travel, power our homes, run our economy, and provide government services.
Yet cyber intrusions and attacks have increased dramatically over the last decade, exposing sensitive personal and business information, disrupting critical operations, and imposing high costs on the economy.
Today's security defenses are failing because, in the battle against cybercrime, security teams are using an outdated arsenal. They rely too heavily on legacy platforms that leverage technology dependent upon signatures—and while these platforms may be good at blocking basic malware that is known and documented, they stand little chance against today's sophisticated, dynamic cyber attacks that occur across multiple vectors and stages.
The growing number of serious attacks on essential cyber networks is one of the most serious economic and national security threats our nation faces.
Recently, FBI director James B. Comey told the Senate homeland security and government affairs committee that cyber-attacks likely to eclipse terrorism as a domestic danger over the next decade.
FEYE reported that it has acquired Mandiant, the leading provider of advanced endpoint security products and security incident response management solutions. The acquisition, which recognizes the ever-increasing intensity of cyber attacks and follows nearly two years of collaboration, creates the industry's leading advanced threat protection vendor with the ability to find and stop attacks at every stage of the attack life cycle.
The combination of FEYE and Mandiant, creates a powerful combination of security products and threat intelligence, which is enhanced by expert security consulting, incident response, and managed security services enabling organizations to improve their security posture and resolve security incidents whenever and wherever they arise.
FEYE also reported that for the fourth quarter 2013, total revenue is expected to be in the range of $55 to $57 million, compared with previous guidance of $52 to $54 million, and total billings are expected to be in the range of $95 to $100 million, compared with previous guidance of $82 to $86 million. For the full fiscall year 2013, total revenue is expected to be between $159 and $161 million, compared with previous guidance of $156 to $158 million and total billings are expected to be between $254 and $259 million, compared with previous guidance of $240 to $245 million.
To reflect the acquisition of Mandiant, FEYE expects for 2014 total revenue to be within the range of $400 to $410 million, compared with the previous expected range of $240 to $250 million, and total billings to be within the range of $540 to $560 million, compared with the previous expected range of $350 to $370 million.
FEYE has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. These highly sophisticated cyber attacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways.
More about FireEye, Inc. (FEYE) at www.fireeye.com
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A social networking service is a platform to build social networks or social relations among people who, for example, share interests, activities, backgrounds, or real-life connections.
Social networks operate under an autonomous business model, in which a social network's members serve dual roles as both the suppliers and the consumers of content. Revenue is typically gained in the autonomous business model via advertisements, but subscription-based revenue is possible when membership and content levels are sufficiently high.
Crown Equity Holdings Inc. (CRWE) is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.
CRWE is currently developing a social networking service and phone app, CRWE Network ( CRWE-PR.com ), that is designed to target all the communities in every state of the United States, with its geographic focus starting in Southern California and Las Vegas Nevada.
You can visit CRWE Network at:
Encinitas, CA - http://encinitas.crwe-pr.com
San Diego, CA - http://sandiego.crwe-pr.com
Costa Mesa, CA - http://costamesa.crwe-pr.com
Del Mar, CA - http://delmar.crwe-pr.com
La Jolla, CA - http://lajolla.crwe-pr.com
Dana Point, CA - http://danapoint.crwe-pr.com
Huntington Beach, CA - http://huntingtonbeach.crwe-pr.com
Laguna Beach, CA - http://lagunabeach.crwe-pr.com
Las Vegas, NV - http://lasvegas.crwe-pr.com
Long Beach, CA - http://longbeach.crwe-pr.com
Newport Beach, CA - http://newportbeach.crwe-pr.com
Palos Verdes, CA - http://palosverdes.crwe-pr.com
Redondo Beach, CA - http://redondobeach.crwe-pr.com
San Clemente, CA - http://sanclemente.crwe-pr.com
San Pedro, CA - http://sanpedro.crwe-pr.com
CRWE ‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.
The business model merges traditional national ad campaigns with the flourishing hyper local business directory model. Along with national and international news, each site will have local news pertinent to its own home town community. The sales teams will be able to market to the blue chip big brands and local small businesses.
CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com .
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