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Sourcefire Inc. (FIRE) Rose Sharply After Q4 Report

Sourcefire Inc. (FIRE) reported fourth quarter adjusted net income of $0.29 per share after the bell Thursday, compared to $0.25 per share a year ago. The consensus estimate was for EPS of $0.29. First quarter adjusted EPS is expected to be between $0.11 and $0.13. The consensus estimate is for EPS of $0.15.

Sourcefire gapped open sharply higher Friday, but moved in a narrow range throughout the session. The stock ended the day higher by 6.17 at $48.42, with volume at over a 3-month high. Sourcefire rose to over a month and a half high and re-crossed its 50 and 200-day moving averages.

by RTTNews Staff Writer

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