FireEye Curbs 2016 Loss Expectations, But Stock Still Tumbles

FireEye (FEYE) curbed its loss expectations for 2016 by a nickel at the midpoint of its guidance range as the cybersecurity firm slashed its capital expenditures view by $15 million, but its shares still fell.

FireEye stock was down 2.5%, near 18, in afternoon trading on the stock market today, after shares had risen for nine straight trading days. Shares edged up last week during the cybersecurity RSA Conference in San Francisco.

At the conference, FireEye announced a partnership with...

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