Websense Stock Hits New 52-Week High (WBSN)

NEW YORK ( TheStreet) -- Websense (Nasdaq: WBSN) hit a new 52-week high Wednesday as it traded at $27.96 compared with its previous 52-Week high of $25.28. Websense is changing hands at $23.29 with 1.1 million shares traded as of 1:37 p.m. ET. Average volume has been 409,100 shares over the past 30 days.

Websense has a market cap of $836.7 million and is part of the technology sector and computer software & services industry. Shares are up 0.9% year to date as of the close of trading on Tuesday.

Websense, Inc. provides unified Web, data, and email content security solutions to protect data and users from cyber-threats, information leaks, legal liability, and productivity loss. The company has a P/E ratio of 47.9, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.

TheStreet Ratings rates Websense as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Websense Ratings Report.

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