Sourcefire Reaches New 52-Week High (FIRE)

NEW YORK ( TheStreet) -- Sourcefire (Nasdaq: FIRE) hit a new 52-week high Wednesday as it is currently trading at $59.50, above its previous 52-week high of $59.49 with 210,848 shares traded as of 12 p.m. ET. Average volume has been 581,900 shares over the past 30 days.

Sourcefire has a market cap of $1.82 billion and is part of the technology sector and computer software & services industry. Shares are up 23.7% year to date as of the close of trading on Tuesday.

Sourcefire, Inc. provides intelligent cybersecurity technologies worldwide.

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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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