FireEye Dips Despite Good Quarter

Tons of movers in the market today as a bevy of big earnings reports hit the wire last night and this morning. Qualcomm (QCOM) appears to be getting a bit of a relief rally. This quarter was strong and midpoint guidance is not technically a guide lower, so it's a plus. The company is making headway with its chip sets, so there may be life after licensing after all. Once the company can finalize and close the deal for NXP Semiconductors (NXPI) , I suspect we'll see a resumption of upside trend in the shares. 

FireEye (FEYE) shares did not fare so well, trading down over 10% this morning and touching $14.21 on the downside. I didn't view the quarter as weak in the slightest. There are some concerns with booking projections, but the company is running on a slightly shorter cycle and the new product mix appears to be taking hold in the market. I traded some shares after hours and this morning, but I'm also seeking a longer position and the big dip in implied volatility post-earnings offers that. ...155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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