Sourcefire Reaches New 52-Week High (FIRE)

NEW YORK ( TheStreet) -- Sourcefire (Nasdaq: FIRE) hit a new 52-week high Tuesday as it is currently trading at $50.65, above its previous 52-week high of $50.47 with 335,243 shares traded as of 2:09 p.m. ET. Average volume has been 621,400 shares over the past 30 days.

Sourcefire has a market cap of $1.4 billion and is part of the technology sector and computer software & services industry. Shares are up 50.3% year to date as of the close of trading on Monday.

Sourcefire, Inc. provides intelligent Cybersecurity technologies to commercial enterprises and government agencies worldwide. The company has a P/E ratio of 232.3, above the average computer software & services industry P/E ratio of 228.7 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sourcefire Ratings Report.

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