Sourcefire, Inc.(FIRE)- NASDAQ
FIRE is defunct.
  • Feb. 14, 2013, 10:09 AM

    SourceFire (FIRE +2.6%) rallies after catching an upgrade to Buy from UBS: the firm cites the growth potential of the next-gen firewall market (rival PANW is the early leader in this space) and the possibility of a buyout (from Cisco, perhaps?). Shares jumped on Tuesday as word spread Pres. Obama would sign an executive order to increase government cybersecurity investments, but sold off yesterday after it happened.

    | Feb. 14, 2013, 10:09 AM
  • Feb. 12, 2013, 1:51 PM

    Security hardware stocks rally on expectations Pres. Obama will issue an executive order meant to bolster government spending on cybersecurity following tonight's State of the Union. Intrusion prevention system leader SourceFire (FIRE +8.8%), which received 28% of its sales from the U.S. government in Q3, is the biggest winner, but Fortinet (FTNT +4.3%), Check Point (CHKP +1.2%), and Palo Alto Networks (PANW +1.1%) are also higher.

    | Feb. 12, 2013, 1:51 PM | 3 Comments
  • Jan. 31, 2013, 3:59 PM

    Strong earnings from Citrix, Fortinet, and SGI have translated into solid gains for a number of enterprise IT stocks. Winners include security hardware firms Sourcefire (FIRE +4.9%), Palo Alto Networks (PANW +2.8%), and Check Point (CHKP +3%), and server adapter card/interconnect switch makers Mellanox (MLNX +6.2%) and Emulex (ELX +2.6%), WAN optimization leader Riverbed (RVBD +1.7%), and Citrix virtualization/cloud management rival Red Hat (RHT +2%).

    | Jan. 31, 2013, 3:59 PM
  • Jan. 30, 2013, 5:49 PM
    Fortinet (FTNT) guides on its Q4 call for Q1 revenue of $138M-$141M and 2013 revenue of $625M-$635M, mostly above a consensus of $139.6M and $618.9M. The company expects 2013 EPS of $0.60-$0.61, in-line with a $0.61 consensus. Shares +16.3% AH thanks to the guidance and a strong Q4 beat. Recent downgrades aren't looking too smart. Up in sympathy: PANW +3.1%. FIRE +4.9%. CHKP +1%.
    | Jan. 30, 2013, 5:49 PM
  • Jan. 29, 2013, 12:48 PM

    High-beta enterprise IT names continue to sell off (previous) after EMC, VMware, and BMC Software all provide disappointing guidance. Both EMC and VMware's earnings calls (I, II) were peppered with cautious remarks about the global IT spending environment. BMC rivals ServiceNow (SWI -4.5%) and SolarWinds (SWI -4.5%) are among the casualties. Others: RVBD -4.1%. CVLT -3.4%. CTXS -2.7%. FIRE -6.2%. QLIK -2.3%.

    | Jan. 29, 2013, 12:48 PM
  • Jan. 25, 2013, 2:26 PM

    Juniper (JNPR +3.9%) is higher as the Street decides a Q4 beat and in-line Q1 EPS guidance is good enough, even if revenue guidance is light. Also, product revenue was flat Y/Y after falling 3% in Q3, and op. margin rose 130 bps Q/Q to 18.2% thanks to job cuts. Enterprise sales fell 10% Y/Y (share loss, esp. in security), but service provider sales (65% of total) rose 9%, fueled by demand for MX Series edge routers and PTX Series Ethernet switches. Americas sales +17%, offsetting EMEA weakness. RVBD +2.9%. FFIV +1.7%. FTNT +4%. FIRE +2.5%. (transcript)

    | Jan. 25, 2013, 2:26 PM
  • Jan. 24, 2013, 12:58 PM

    A few networking stocks are rallying in response to F5's (FFIV +5.5%) better-than-feared results and guidance. RVBD +3.2%. CTXS +1.5%. FTNT +2.2%. FIRE +2.1%. F5 noted on its earnings call it saw 20% Y/Y growth in telco sales (mobile/cloud-driven), and was able to displace Cisco (previous) at 3 Fortune 50 companies. U.S. federal was a weak spot, and $50M worth of shares were repurchased. William Blair thinks F5's diversification efforts are paying off.

    | Jan. 24, 2013, 12:58 PM
  • Jan. 14, 2013, 2:08 PM
    John Chambers recently said he gave Chris Young, the SVP in charge of Cisco's (CSCO) security ops, a "blank check" to hire and acquire as necessary over the next 2-3 years. Moreover, sources tell Reuters Cisco has been actively looking for security acquisitions. Chambers' motivation: while Cisco's security ops post modest growth, upstarts such as PANW, FTNT, and FIRE are growing much faster thanks to their focus on segments such as next-gen firewalls, UTM hardware, and IPS systems, products that offer deeper analysis of content/apps than traditional firewalls.
    | Jan. 14, 2013, 2:08 PM | 1 Comment
  • Jan. 3, 2013, 2:22 PM
    Security hardware stocks are having a rough day: Palo Alto Networks (PANW -3.1%), Fortinet (FTNT -7.8%), Sourcefire (FIRE -3.6%), and Check Point (CHKP -5%) are among the losers. Stephens has started coverage on Palo Alto with an Equal Weight and $50 PT; shares of the fast-growing and richly-valued next-gen firewall vendor fell 4.3% yesterday in the face of a giant tech rally.
    | Jan. 3, 2013, 2:22 PM
  • Nov. 1, 2012, 9:42 AM

    More on Sourcefire's Q3: Q4 guidance is for revenue of $62M-$64M and EPS of $0.27-$0.29 vs. a consensus of $61.7M and $0.28. That's a relief for investors on edge thanks to disappointing results/guidance from security hardware peers Check Point, Fortinet, and Juniper. U.S. commercial sales +31% Y/Y and international +69%, though U.S. federal was soft at +4%. 26 $500K+ deals were reached, up from Q2's 13, and 26% of revenue came from new customers. FIRE +14.7% - 19.3% of the float was shorted as of Oct. 15. (PR)

    | Nov. 1, 2012, 9:42 AM
  • Nov. 1, 2012, 9:10 AM
    Premarket gainers: JDAS +17%. RDN +8%. PERI +8%. FIRE +8%. MTG +6%. ATK +5%. Losers: ABMD -22%. ZUMZ -14%. NXPI -9%. ITRI -7%. ABX -7%.
    | Nov. 1, 2012, 9:10 AM
  • Nov. 1, 2012, 6:46 AM
    Sourcefire (FIRE): Q3 EPS of $0.25 beats by $0.04. Revenue of $58.8M (+30.1% Y/Y) beats by $3.8M. (PR)
    | Nov. 1, 2012, 6:46 AM
  • Nov. 1, 2012, 12:05 AM

    Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL

    | Nov. 1, 2012, 12:05 AM
  • Oct. 31, 2012, 5:30 PM

    Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL

    | Oct. 31, 2012, 5:30 PM
  • Oct. 17, 2012, 12:45 PM
    Midday top 10 gainers: CYMI +51%. SIFY +27%. MTG +22%. IGLD +21%. BCOM +21%. TSRI +20%. REDF +14%. BMI +14%. URI +14%. DF +13.
    Top 10 Losers: FTNT -20%. APOL -19%. DSTI -14%. CHKP -12%. INVE -11%. OSG -11%. FIRE -10%. STLY -8%. MARK -8%. TXT -7%.
    | Oct. 17, 2012, 12:45 PM
  • Oct. 16, 2012, 5:12 PM

    More on Fortinet's Q3: Deferred revenue rose by $8.7M Q/Q to $340.1M, and billings rose 22% Y/Y to $145M (above revenue of $136.3M). But the company is guiding for Q4 revenue of $142M-$146M and EPS of $0.15, below a consensus of $146.2M and $0.16. That's a major problem given shares were all but priced for perfection. The pending departure of well-respected CFO Ken Goldman to Yahoo is likely heightening concerns. FTNT -17.6% AH. FIRE -1%. (PR)

    | Oct. 16, 2012, 5:12 PM