Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of Sourcefire, Inc. (NASDAQ: FIRE) from $22.00 to $24.00 in a research note to investors on Thursday. The analysts currently have an "equal weight" rating on the stock.
Separately, analysts at UBS AG (NYSE: UBS) upgraded shares of Sourcefire, Inc. from a "neutral" rating to a "buy" rating in a research note to investors on Thursday. They now have a $32.00 price target on the stock. Also, analysts at Morgan Stanley (NYSE: MS) upgraded shares of Sourcefire, Inc. from an "underweight" rating to an "equal weight" rating in a research note to investors on Monday.
Shares of Sourcefire, Inc. traded up 9.29% during mid-day trading on Friday, hitting $26.48. Sourcefire, Inc. has a 52 week low of $19.68 and a 52 week high of $32.79. The stock's 50-day moving average is $27.64 and its 200-day moving average is $25.85. The company has a market cap of $747.9 million and a price-to-earnings ratio of 35.68.
Sourcefire, Inc. last announced its quarterly results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.05 EPS by $0.03. The companyâ€™s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that Sourcefire, Inc. will post $0.15 EPS next quarter.
Sourcefire, Inc. (Sourcefire) is a provider of cybersecurity solutions for information technology (IT), environments of commercial enterprises, including healthcare, financial services, manufacturing, energy, education, retail and telecommunications companies, and federal, state and local government organizations worldwide. The Companyâ€™s solutions consist of multiple hardware and software product and service offerings. Its security solutions provide customers with a network security defense of assets and applications before, during and after an attack. Sourcefireâ€™s commercial hardware and software products are marketed and sold as components of an Intrusion Detection and Prevention System.
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