We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mcafee | NYSE:MFE | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.95 | 0.00 | 01:00:00 |
DOW JONES NEWSWIRES
Sourcefire Inc.'s (FIRE) third-quarter earnings jumped by more than half on better-than-forecast revenue, but its outlook for the current quarter fell short of analysts' expectations.
Shares slumped 19% to $25 in after-hours trading on the disappointing guidance. The stock, through the close, had been up 16% so far this year, better than the broader market.
For the fourth quarter, the company predicted adjusted earnings of 16 cents to 18 cents a share on revenue of $37 million to $38.5 million. Analysts surveyed by Thomson Reuters were expecting 21 cents and $44 million, respectively.
The company has been eyed as a possible takeover target, as large technology companies have been diversifying by buying up Sourcefire's competitors. This summer, Intel Corp. (INTC) agreed to buy McAfee Inc. (MFE) for $7.68 billion, and Hewlett-Packard Co. (HPQ) agreed to buy security-software maker ArcSight Inc. (ARST) for about $1.5 billion.
In the latest quarter, Sourcefire posted a profit of $4.2 million, or 15 cents a share, up from $2.7 million, or 9 cents a share, a year earlier. Excluding stock-based compensation, earnings rose to 18 cents from 10 cents.
Revenue jumped 32% to $36.2 million.
In July, the company projected adjusted earnings of 13 cents to 15 cents on revenue of $34.3 million to $35.8 million.
Gross margin rose to 79.4% from 77.9%.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com
1 Year Mcafee Chart |
1 Month Mcafee Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions