Tech Weekly Winner: Sourcefire (FIRE) Gains Nearly 14% by TechStockProspector


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									Robert DeFrancesco’s
November 2, 2012

Tech Weekly Winner: Sourcefire (FIRE) Gains Nearly 14%
NOW AVAILABLE: The October 2012 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the October 2012 issue:

*Apple stumbles after the iPhone 5 launch
*Google shares hit a new all-time high
*Short sellers circle Splunk
*Adobe Systems embraces the cloud
*The new darling of networking security: Palo Alto Networks
*Demandware benefiting from growth in e-commerce
*NetSuite expands via its SuiteCommerce platform
*Cisco Systems gets some Wall Street support
*F5 Networks jockeys for more share of the ADC market
*Cornerstone OnDemand fends off the big HCM competitors
*Tibco Software boasts a record deal pipeline
*Oracle steps up its cloud battle against
*New cloud play: Eloqua automates lead management
*Are ValueClick shares undervalued?
*A fresh valuation analysis on Yahoo
*Deal Report: Cloud security IPO Qualys

Order the October 2012 issue here:


Shares of networking security vendor Sourcefire (FIRE, $48.49) yesterday jumped
13.2% on heavy volume following better-than-expected Q3 results. For the week,
the stock was up 13.8%.

Sourcefire is this quarter’s standout performer in networking security, as other
vendors have come in with somewhat disappointing results.

For Q3, per-share earnings of 25 cents topped the consensus estimate by four cents
and revenue rose 30.1% to $58.8 million, above the consensus of $55.7 million and
the high end of the guidance range of $54 million to $56 million.
U.S. commercial revenue of $24.7 million rose 31% year over year (in line with the
Q2 growth rate), while international revenue was up 69% (accelerating from 55%
growth in Q2) to $17.7 million and accounted for 30% of total revenue. U.S. federal
revenue advanced 4% to $16.4 million against a tough comp from a year ago.

On the product front, in the next-generation firewall (NGFW) segment, the
company’s FirePOWER 8250 appliance excelled in the most recent independent NSS
Labs product analysis, protecting against 99% of all attacks. In the latest quarter,
Sourcefire introduced FireAMP Virtual and Virtual Next-Generation IPS with
application control, solutions designed to provide large enterprises and government
organizations with visibility and control to address constantly changing virtual
deployments and evolving threats targeting those systems.

For Q4, Sourcefire sees EPS of 27 cents to 29 cents (the consensus is 28 cents) on
revenue of $62 million to $64 million, above the consensus of $61.1 million.

For 2012, the company now expects EPS of 80 cents to 82 cents (the consensus is 76
cents) on revenue of $217.7 million to $219.7 million, above the consensus of $214.1


Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

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