FireEye has vastly improved financial results in the last couple of years.
The cybersecurity company still isn't predicting generating large cash flows and profits.
The stock won't rally much farther until FireEye shows that the business isn't structurally low margin.
Last year, FireEye (FEYE) became a compelling turnaround story as business under the surface improved from a shift to subscription services while the cost structure was finally aligned with the revenue stream. Unfortunately, the company is still running into some of the legacy cost issues that will hold the cybersecurity specialist's stock back.