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Sourcefire's Teething Troubles
Right out of the gate, network security company Sourcefire(FIRE Quote) stumbled badly.
The company, which made its debut on Wall Street just about a month ago, disappointed investors with its preliminary first-quarter results late Friday. Shares plunged nearly 30% Monday.
Revenue for the quarter ended March 31 will be in the range of $10.1 million to $10.5 million. That compares with revenue of $8.5 million a year ago, but sales are down from $15.9 million in the last quarter. ...
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