FireEye shares were lower in extended trading after the virtual security provider’s CEO, Dave DeWalt, said he sees cybersecurity spending growing at a reduced rate this year. DeWalt said the industry’s sales were boosted last year by “emergency spending” following major breaches that prompted some businesses to place massive orders for updated technology.
Shares of social media company Twitter inched higher in extended hours, a day after the company revealed in its quarterly earnings report a decline in active users on the platform.
AIG ticked higher in extended trading despite posting a fourth-quarter loss of $1.10 per share. The insurance giant also announced that it is adding a board member as part of a deal with activist investor Carl Icahn.
As part of that agreement, AIG will add Samuel Merksamer, managing director of Icahn Capital, to its board of directors in May. John Paulson, president of Paulson & Co., will also be joining AIG’s board in May.