Sourcefire (NASDAQ:FIRE) Growing with Small Deals

Citing a number of $1 million deals referenced by Sourcefire (NASDAQ:FIRE), Jefferies maintains their "Buy" rating on them, while pushing up the price target.

Jefferies added, "NGFW expands Sourcefire's total addressable market by 3x. Management believes the long-term opportunity to provide commercial support for Razorback could be as large as Snort, which is a $100mm business."

The next generation firewall is due to be released in 2011.

Sourcefire closed Thursday at $27.77, dropping slightly by $0.09, or 0.32 percent. Jefferies raised their price target on them by $5 to $35.