Security Firm Sourcefire To Post Q3 After Sandy Delay
Credit:
http://www.sourcefire.com/
Sourcefire's (FIRE) third-quarter earnings report, delayed by Hurricane Sandy until Thursday morning, will hit the market at a choppy time for tech security stocks. That's especially true for network security stocks like Sourcefire.
With the S&P 500 index flat from Friday, IBD's Computer Software-Security industry group is down 2% as of Wednesday afternoon pre-close. Markets were shuttered Monday and Tuesday due to the storm, and several companies rescheduled quarterly earnings reports.
Tech security stocks have fallen 13% from the middle of the month and have been sliding since September, amid mixed news out of the sector, including from Sourcefire rivals Check Point Software Technologies (CHKP) and Fortinet (FTNT).
