Sourcefire Earnings: Here’s Why Investors are Excited Now
Sourcefire, Inc. (NASDAQ:FIRE) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 8.88%.
Sourcefire, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.11 in the quarter as EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 21.38% to $56.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sourcefire, Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company missed the mean analyst estimate of $0.12. It missed the average revenue estimate of $57.38 million.
Quoting Management: “Our threat-centric approach to cybersecurity that allows defenders to address the full attack continuum is in high demand, and we believe we are extremely well positioned to capitalize on the growth opportunity in front of us. Despite weakness in federal government spending, our total revenue increased 21% driven by ongoing strong performance from our International and U.S. Commercial businesses,” said John Becker, CEO of Sourcefire.
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