UPDATE: Topeka Capital Markets Upgrades Sourcefire to Buy; OpEx Raise To Fund Continuing Growth

Topeka Capital Markets upgraded Sourcefire FIRE from Hold to Buy and raised the price target from $46.00 to $50.00. Topeka Capital Markets commented, "Sourcefire reported 4Q results that met or exceeded consensus financial metrics despite recent concerns regarding its Federal Government as well as its EMEA businesses.. Sourcefire continues to operate with a focus of doubling revenues every three years and will spend ahead to make that happen containing operating margins in the near term. We are raising 2013 revenues and leaving EPS unchanged at $1.02 and initiating 2014 estimates." Sourcefire closed at $42.25 on Thursday.