Oppenheimer Holdings Reiterates Perform Rating on Sourcefire

In a report published Wednesday, Oppenheimer Holdings reiterated its Perform rating on Sourcefire

. Oppenheimer Holdings noted, “FIRE positively pre-announced 3Q12 results, expecting revenue and EPS at the high end to slightly above the range of $54.0-$56.0M and $0.19-$0.21, respectively. Our revenue and EPS estimates are $55.1M (up 21.9% YoY) and $0.20 and will be updated following the final earnings release on 10/30. In addition, CEO John Burris is retiring from his position, related to his medical leave of absence to treat colon cancer. In the interim, Marty Roesch, co-founder and chief technology officer, will continue to serve as CEO while maintaining his duties as CTO. We are encouraged by the positive trends in the security markets, and believe current management is capable of keeping the company on track despite the departure of Mr. Burris.” Sourcefire closed on Tuesday at $47.96.