Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Sourcefire Shares Were on Fire

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 Sourcefire (UNKNOWN: FIRE.DL  ) were on fire today, rallying by as much as 17% after the company reported earnings.

So what: Revenue in the fourth quarter increased 27% to $67.4 million, well ahead of the consensus forecast of $63.8 million. The company posted adjusted net income of $8.9 million, or $0.29 per share, which was right on target with expectations. CEO Marty Roesch said the company's threat-centric strategy continues to be an important differentiator.

Now what: Sourcefire's revenue forecast was also better than expected, with first-quarter sales predicted to be $56 million to $58 million. The Street was modeling for just $55.3 million. Following the results, Topeka Capital upgraded its rating on the stock from "hold" to "buy" with a $50 price target. Topeka noted that the results dispel recent fears that government and Europe, Middle East, and Africa business was suffering.

Interested in more info on Sourcefire? Add it to your watchlist by clicking here.

With the U.S. relying on the rest of the world for such a large percentage of our goods, many investors are ready for the end of the "made in China" era. Well, it may be here. Read all about the biggest industry disrupters since the personal computer in our free report: "3 Stocks to Own for the New Industrial Revolution." Just click here to learn more.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2272423, ~/Articles/ArticleHandler.aspx, 9/28/2016 10:34:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,247.99 19.69 0.11%
S&P 500 2,160.01 0.08 0.00%
NASD 5,306.90 1.19 0.02%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
FIRE.DL $0.00 Down +0.00 +0.00%
Sourcefire CAPS Rating: **