Jefferies Starts Sourcefire (FIRE) at Buy

Jefferies initiates coverage on Sourcefire (NASDAQ: FIRE) with a Buy. PT $31.00.

The firm states, "Sourcefire is expanding its supply in a healthy demand environment which should lead to accelerating revenue growth and margin expansion. The company will broaden its product lineup and is progressing through a significant upgrade with its channel distribution; both in the context of healthy security end demand. As such, we are initiating on Sourcefire with a Buy rating."

For more ratings news on Sourcefire click here and for the rating history of Sourcefire click here.

Shares of Sourcefire closed at $27.32 yesterday.

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