Sourcefire Stock Gaps Up On Today's Open (FIRE)

NEW YORK ( TheStreet) -- Shares of Sourcefire (Nasdaq: FIRE) were gapping up Wednesday morning with an open price 17.1% higher than Tuesday's closing price. The stock closed at $35.82 Tuesday and opened today's trading at $41.94.

The average volume for Sourcefire has been 494,200 shares per day over the past 30 days. Sourcefire has a market cap of $924.4 million and is part of the technology sector and computer software & services industry. Shares are up 10.6% year to date as of the close of trading on Tuesday.

Sourcefire, Inc. provides intelligent Cybersecurity solutions for information technology (IT) environments of commercial enterprises worldwide. The company has a P/E ratio of 162.8, above the average computer software & services industry P/E ratio of 139.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sourcefire as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sourcefire Ratings Report.

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