Wells Fargo Remians Bullish on Sourcefire (FIRE)

Wells Fargo today maintained an Outperform rating on Sourcefire (NASDAQ: FIRE). Analyst Gray Powell said he was very bullish on FireAMP.

"We were encouraged by near- and long-term insights on FireAMP, federal spending trends, and the potential ASP benefit of selling NGFW into FIRE's customer base. With 20%+ growth in FIRE's core IPS product, coupled with the longerterm FireAMP and NGFW opportunities (20% / 10% respective revenue uplift) we think FIRE will achieve its goal of doubling revenue every three years," said Powell.

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 $54.88 yesterday.

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