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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Sourcefire

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In a report published Friday, Jefferies & Company reiterated its Hold rating on Sourcefire (NASDAQ: FIRE), but lowered its price target from $55.00 to $50.00.

Jefferies noted, “3Q results were inline with the preliminary announcement with revenue slightly above the high end of the range. 4Q guidance is inline with our model and slightly above consensus with partner scale continuing to underpin overall strong growth. Shares are seeing a relief given the pullback into earnings and measurable new product revenue scale remains a determining factor for CY13+ growth.”

Sourcefire closed on Thursday at $48.48.

Latest Ratings for FIRE

DateFirmActionFromTo
Jul 2013JefferiesMaintainsHold
Jul 2013Stifel NicolausDowngradesBuyHold
Jul 2013Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for FIRE
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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