NEW YORK ( TheStreet) -- Shares of Websense (Nasdaq: WBSN) were gapping down Wednesday morning with an open price 11% lower than Tuesday's closing price. The stock closed at $19.34 Tuesday and opened today's trading at $17.21. The average volume for Websense has been 326,200 shares per day over the past 30 days. Websense has a market cap of $789.8 million and is part of the technology sector and computer software & services industry. Shares are down 2.4% 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 30.9, above the average computer software & services industry P/E ratio of 30.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Websense as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally poor debt management. You can view the full Websense Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
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