UBS Maintains a 'Buy' on Sourcefire (FIRE); Raising Numbers on Gaining Size/Momentum
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Price: $75.96 --0%
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Sourcefire (NASDAQ: FIRE) price target raised from $34 to $46.
UBS analyst says, "Strong FQ4 beat $53M/$0.25 (cons $47M/$0.19) and FQ1 revs guide above St was driven by customer base refresh, competitive wins, increasing channel loyalty, and new FirePOWER appliance traction. We see little to derail its momentum as the marriage of a worsening threat landscape, strong spend environment, material distribution expansion (doubled intl sales team past 18mo, channel +70% in 2011) and product expansion (increasing TAM 5x) sets up a ‘beat and raise’ FY12. FIRE remains our top small-cap stock/acquisition candidate."
UBS raises FY12 estimates to $203M/$0.72 from $190.2M/$0.70.
For an analyst ratings summary and ratings history on Sourcefire click here. For more ratings news on Sourcefire click here.
Shares of Sourcefire closed at $35.82 yesterday.
UBS analyst says, "Strong FQ4 beat $53M/$0.25 (cons $47M/$0.19) and FQ1 revs guide above St was driven by customer base refresh, competitive wins, increasing channel loyalty, and new FirePOWER appliance traction. We see little to derail its momentum as the marriage of a worsening threat landscape, strong spend environment, material distribution expansion (doubled intl sales team past 18mo, channel +70% in 2011) and product expansion (increasing TAM 5x) sets up a ‘beat and raise’ FY12. FIRE remains our top small-cap stock/acquisition candidate."
UBS raises FY12 estimates to $203M/$0.72 from $190.2M/$0.70.
For an analyst ratings summary and ratings history on Sourcefire click here. For more ratings news on Sourcefire click here.
Shares of Sourcefire closed at $35.82 yesterday.
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