Morgan Keegan Reiterates Outperform Rating On Sourcefire

According to Morgan Keegan, Sourcefire FIRE announced 2Q11 results ahead of consensus with revenue of $36.5 million and EPS of $0.08 compared to the consensus expectation for revenue of $34.6 million and EPS of $0.05. Morgan Keegan said that these results were driven by broad based strength in the enterprise in N.A. (+36% Y/Y) and international commercial (+32% Y/Y), while Federal revenue was essentially flat sequentially (down 26% Y/Y). “We reiterate our Outperform rating.” Sourcefire closed yesterday at $24.23.