Sourcefire Rises On Unusually High Volume (FIRE)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Sourcefire (FIRE">FIRE) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.82 (+7.9%) at $52.43 as of 1:01 p.m. ET.
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Sourcefire has a market cap of $1.42 billion and is part of the technology sector and computer software & services industry. Shares are down 0.5% year to date as of the close of trading on Tuesday.
Sourcefire, Inc. provides intelligent Cybersecurity technologies to commercial enterprises and government agencies worldwide. The company has a P/E ratio of 58, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sourcefire as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Sourcefire Ratings Report.
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