Sourcefire Stock Hits New 52-Week High (FIRE)

NEW YORK ( TheStreet) -- Sourcefire (Nasdaq: FIRE) hit a new 52-week high Friday as it is currently trading at $52.29, above its previous 52-week high of $51.73 with 337,482 shares traded as of 1:25 p.m. ET. Average volume has been 652,400 shares over the past 30 days.

Sourcefire has a market cap of $1.43 billion and is part of the technology sector and computer software & services industry. Shares are up 53.2% year to date as of the close of trading on Thursday.

Sourcefire, Inc. provides intelligent Cybersecurity technologies to commercial enterprises and government agencies worldwide. The company has a P/E ratio of 231.6, equal to the average computer software & services industry P/E ratio 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 sub par growth in net income. You can view the full Sourcefire Ratings Report.

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