FireEye picks up network forensics firm nPulse
Between its first quarter earnings report and a new acquisition, the accountants over at network security specialist FireEye must be working overtime this week.
The Milpitas, Calif.-based company announced after the bell that it intends to purchase nPulse, an Internet forensics firm that comes with a portfolio touted for capturing and filing packets faster search and further analysis of network traffic.
FireEye intends to pool its own security portfolio with nPulse's network forensics to produce Enterprise Forensics, a more well-rounded package promising insights into the entire attack life cycle, described to be from network intrusion to endpoint exploitations and lateral movements.
Financial terms of the agreement were not disclosed in the announcement, although Re/Code reported that the deal is worth close to $70 million. FireEye expects the merger to close during the second quarter.
The nPulse acquisition follows up FireEye's purchase of endpoint monitor Mandiant in a deal valued at approximately $1 billion earlier this year.
The cyber security outfit also satisfied analyst targets with its latest quarterly financial update, despite considerably larger losses posted compared to the same time last year.
FireEye reported a net loss of $101.2 million, or 76 cents per share (statement).
Non-GAAP earnings were 53 cents per share on a revenue of $74 million.
Wall Street was expecting a loss at 53 cents per share on a revenue of $71.65 million.
For the current quarter, Wall Street is predicting another loss at 51 cents a share with revenue climbing to $87.90 million.
FireEye followed up with a Q2 revenue guidance range of $89 to $91 million with a non-GAAP loss between 58 and 63 cents per share.
For the full year, FireEye projected revenue will fall between $405 to $415 million with a loss per share of $2.10 to $2.30.