Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of security software specialist Sourcefire (Nasdaq: FIRE ) shot up by as much as 15% today after the company reported earnings yesterday.
So what: First-quarter sales jumped 50% to $46.3 million, which turned into an adjusted profit of $0.11 per share. Both top and bottom lines posted a healthy beat compared to the $41.6 million in revenue and $0.08 in per-share profit that the Street was expecting.
Now what: International sales stole the show, growing 87% in the quarter, far outpacing domestic commercial growth of 28%. Next quarter, Sourcefire expects revenue to be between $46.5 million and $48.5 million, with adjusted earnings per share in the range of $0.12 to $0.14. UBS even issued a note that Sourcefire is a strong candidate to be acquired by a larger competitor, expecting it would fetch between $53 and $60 per share.
Interested in more info on Sourcefire? Add it to your watchlist by clicking here.