FIRE - Sector: Technology---Industry: Security Software & Services

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FIRE...is on fire! Smoking!!!
Sourcefire Inc. FIRE +22.14%   shares climbed after the security-software provider late Tuesday reported fourth-quarter results that topped expectations.

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Profile: 

Sourcefire, Inc.
9770 Patuxent Woods Drive
Columbia, MD 21046
United States - Map
Phone: 410-290-1616
Fax: 410-290-0024
Website: http://www.sourcefire.com

Details   
Index Membership: N/A
Sector: Technology
Industry: Security Software & Services
Full Time Employees: 351


Business Summary   

Sourcefire, Inc. provides intelligent Cybersecurity solutions for information technology (IT) environments of commercial enterprises worldwide. Its solutions comprise multiple hardware, software, and cloud-based product and service offerings, enabling intelligent protection before, during, and after an attack. The company’s network protection products include Sourcefire intrusion detection and prevention sensors for detecting, blocking, and analyzing network traffic; Sourcefire SSL Appliance, which decrypts SSL traffic for inspection by network security appliances, allowing security teams to monitor SSL traffic for embedded attacks and data leakage; and Sourcefire Defense Center that combines event monitoring, correlation, and prioritization with network and user intelligence for forensic analysis, trends analysis, reporting, and alerting. Its endpoint protection products consist of Immunet, a cloud-based anti-malware technology designed for use by consumers; and Immunet Protect designed for use by enterprises. The company also offers Snort, an open source technology traffic inspection engine used in intrusion prevention system; ClamAV, an open source anti-malware product; and Razorback, an open source project that addresses advanced detection problems, including deep file inspection and defense coordination. In addition, it provides customer support, professional, education and certification, vulnerability research team, and snort rule subscription services. The company serves healthcare, financial services, manufacturing, energy, education, retail and telecommunications companies, and federal, state, and local government organizations. Sourcefire, Inc. was founded in 2001 and is headquartered in Columbia, Maryland.

Key Statistics

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Sourcefire Surges on First-Quarter Forecast.
Bullish gaps...
A stock making an unusual move on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter.

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Sourcefire Surges on First-Quarter Forecast: Washington Mover

Sourcefire (FIRE) Inc., a network-security company, rose as much as 16 percent in pre-market trading after demand for protection against cybercrime drove the company's first-quarter revenue forecast above analysts' estimates.

The Columbia, Maryland-based company predicted revenue of $40 million to $42 million, according to a statement released yesterday after the close of regular trading. That topped the $38.4 million average estimate of analysts surveyed by Bloomberg. Sourcefire also reported adjusted earnings of 25 cents a share for the 2011 fourth quarter, beating the average estimate of 19 cents.

"With our strong position and all the press given to the threats targeted at the federal government, it's clear to us that our solutions are a funding priority," Sourefire Chief Executive Officer John Burris said on a conference call yesterday.

Sourefire rose to $40.80 in pre-market trading at 8:28 a.m. in New York and had climbed as high as $41.50, compared with the close of $35.82 yesterday. The shares advanced 45 percent in the 12 months before today.

To contact the reporter on this story: Alexander Yablon in New York at [email protected]

To contact the editor responsible for this story: Ville Heiskanen at [email protected]