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Sourcefire(FIRE) is a provider of cybersecurity solutions for information technology, environments of commercial enterprises, including healthcare, financial services, manufacturing, energy, education, retail and telecommunications companies, and federal, state and local government organizations worldwide. This stock is trading up 4.3% at $35.27 in recent trading after hitting a 52-week high of $35.90 earlier in the day.
Today's Range: $34.00-$35.90
52-Week Range: $22.60-$35.90
Three-Month Average Volume: 452,767
Sourcefire has a market cap of $1.01 billion and an enterprise value of $840 million. This stock trades at a trailing price-to-earnings of 160.68. This stock also trades at a price-to-sales of 6.45 and a price-to-book of 5.30. The current short interest as a percentage of the float for Sourcefire is extremely high at 22.3%.
From a technical standpoint, FIRE is very close to triggering a major breakout if the stock can manage to sustain a high-volume move and close above $34.74 to $35.27. At last check, the stock has already registered above average volume, so look for a close either today or next week above those levels, and also above today's high of $35.90.
If we see that action soon, then look for a big short-squeeze to develop since this name is so heavily shorted.
To see more stocks hitting new 52-week highs today, check out the
Stocks Hitting New 52-Week Highs portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.