Jefferies Maintains a 'Hold' on Sourcefire (FIRE); Material Upside With More Room to Expand
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Price: $75.96 --0%
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
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Jefferies maintains a 'Hold' on Sourcefire (NASDAQ: FIRE) price target raised from $30 to $44.
Jefferies analyst says, "FIRE reported an extremely strong 4Q as the company is benefiting from the expansion of its product lineup and sales distribution with a refresh cycle and strong large deal performance providing a further assist. There is little not to like about the name; valuation is at the high end but with the strong fundamentals and upward estimate revisions this will get a pass for the shorter term view."
Jefferies raises FY12 EPS from $0.66 to $0.73 and FY13 from $0.87 to $0.97.
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.
Jefferies analyst says, "FIRE reported an extremely strong 4Q as the company is benefiting from the expansion of its product lineup and sales distribution with a refresh cycle and strong large deal performance providing a further assist. There is little not to like about the name; valuation is at the high end but with the strong fundamentals and upward estimate revisions this will get a pass for the shorter term view."
Jefferies raises FY12 EPS from $0.66 to $0.73 and FY13 from $0.87 to $0.97.
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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