October 29, 2019 / 8:02 PM / 3 months ago

FireEye fourth-quarter revenue forecast beats estimates

Oct 29 (Reuters) - Cybersecurity firm FireEye Inc forecast fourth-quarter revenue above analysts' estimates on Tuesday, helped by a rise in cloud subscriptions.

The company forecast revenue of between $224 million and $228 million for the quarter, while analysts on average were expecting $224.14 million, according to IBES data from Refinitiv.

The company posted an adjusted profit of 2 cents per share for the third quarter ended Sept. 30, above the average analyst estimate of 1 cent.

Business Insider reported earlier this month that FireEye has hired Goldman Sachs Group Inc for a potential sale, citing three sources familiar with the discussions, adding that private equity firms appear to be the most likely buyers. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Maju Samuel)

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