Sourcefire (Nasdaq: FIRE) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Sourcefire beat expectations on revenues and earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.

Gross margins dropped, operating margins expanded, and net margins increased.

Revenue details
Sourcefire logged revenue of $50.6 million. The 14 analysts polled by S&P Capital IQ expected to see net sales of $48.6 million on the same basis. GAAP reported sales were 39% higher than the prior-year quarter's $36.5 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.16. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS were $0.04 for Q2 versus -$0.01 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 77.2%, 30 basis points worse than the prior-year quarter. Operating margin was 3.2%, 490 basis points better than the prior-year quarter. Net margin was 2.2%, 330 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $55.6 million. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $213.8 million. The average EPS estimate is $0.76.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 137 members out of 171 rating the stock outperform, and 34 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Sourcefire a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sourcefire is outperform, with an average price target of $55.64.

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