Sourcefire Stock Hits New 52-Week High (FIRE)

NEW YORK ( TheStreet) -- Sourcefire (Nasdaq: FIRE) hit a new 52-week high Thursday as it is currently trading at $45.68, above its previous 52-week high of $45.52 with 529,290 shares traded as of 10:35 a.m. ET. Average volume has been 494,200 shares 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 39.5% year to date as of the close of trading on Wednesday.

Sourcefire, Inc. provides intelligent Cybersecurity solutions for information technology (IT) environments of commercial enterprises worldwide. The company has a P/E ratio of 67.6, below 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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