Shares of Sourcefire (Nasdaq:FIRE) were gapping up Tuesday morning with an open price 10.4% higher than Monday's closing price. The stock closed at $50.99 yesterday and opened today's trading at $56.30.
NEW YORK ( TheStreet) -- Shares of Sourcefire (Nasdaq: FIRE) were gapping up Tuesday morning with an open price 10.4% higher than Monday's closing price. The stock closed at $50.99 Monday and opened today's trading at $56.30. The average volume for Sourcefire has been 649,400 shares per day over the past 30 days. Sourcefire has a market cap of $1.52 billion and is part of the technology sector and computer software & services industry. Shares are up 57.5% 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 245.6, 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 somewhat disappointing return on equity. You can view the full Sourcefire Ratings Report. Get more investment ideas from our investment research center.