FireEye Raises Revenue Forecast as Demand for Cybersecurity Rises

April 30, 2015

Cybersecurity company FireEye raised its full-year revenue forecast as governments and businesses increase spending to protect their networks from sophisticated cyber attacks. Shares of FireEye, which also reported better-than-expected quarterly revenue, almost 2 percent in extended trading on Thursday.

Recent high-profile cyber attacks, such as those on Anthem and Sony, have forced companies and governments to beef up their online security.

“The marketplace for cybersecurity is white hot, the needs for our FireEye and Mandiant solutions are white hot,” Chief Executive David DeWalt told Reuters.

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