Morgan Keegan Reiterates Outperform on Sourcefire

Morgan Keegan is out with its report today on Sourcefire FIRE, reiterating Outperform. In its report, Morgan Keegan writes, "Overall, we believe that increasing awareness of the escalating threat environment and the need for a deeper layer of network security beyond traditional firewall technology continues to drive spending on solutions for intrusion detection and prevention. In our opinion, SourceFire remains well positioned for share gains and to capitalize on the large adjacent opportunity in the next-gen firewall market. We reiterate our Outperform rating on shares of FIRE." Morgan Keegan maintains a $33 PT on FIRE. At the time of posting, shares of FIRE were trading at $28.13, down 3.03% from Wednesday's close.