Sourcefire, Inc. (NASDAQ:FIRE) is in the business of intelligent cyber security technologies, providing Network Security and Advanced Malware Protection products to a diverse customer base. Its biggest customer, EC America, represented around 19% of its total revenue. According to the company, EC America, a subsidiary of immixGroup, is the distributor of Sourcefire, Inc. (NASDAQ:FIRE)’s products to the U.S. government.
Recently, the company announced the addition of malware trajectory capabilities Network File Trajectory and Device Trajectory features to its Advanced Malware Protection portfolio, so that its customers could detect suspicious files and control outbreaks of malware. The market values the company at as high as 45.5 times its forward earnings and 7.3 times its sales.
My Foolish take
The fast growing Infoblox Inc (NYSE:BLOX) has the lowest price-sales ratio multiple compared to both Check Point and Sourcefire. However, Infoblox should keep innovating itself to maintain its rapid revenue growth rate. Among the three companies, I still like Check Point the most with its global leading position in Internet security. With a 12.7 % market share, Check Point ranked second in the security market, only behind Cisco Systems, Inc. (NASDAQ:CSCO).
The article Wall Street Is Bullish on This Fast Growing Tech Stock originally appeared on Fool.com and is written by Anh Hoang.
Anh HOANG has no position in any stocks mentioned. The Motley Fool recommends Check Point Software Technologies and Sourcefire. The Motley Fool owns shares of Check Point Software Technologies. Anh is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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