SourceFire Shares Fly On ArcSight News (FIRE, ARST)

(Originally posted on Benzinga) Shares of ArcSight (NASDAQ: ARST) soared nearly 30 percent higher this afternoon on news it has put itself up for sale. Potential rumored buyers include HP (NYSE: HP) and Oracle (NASDAQ: ORCL). The rumored going price is $1.5 billion. This news comes on the heels of Intel (NASDAQ: INTC) purchasing McAfee(NYSE: MFE) for $7.7 billion.


On the heels of ArcSight's move, shares of SourceFire (NASDAQ: FIRE) shot 13 percent higher on above average volume; shares closed up $2.54 to close at 24.68. SourceFire is in the cybersecurity space providing solutions to the IT industry. SourceFire has a market cap of $684mil, ArcSight market cap $1.2bil.

SourcFire 52wk Range: 16.80 - 28.00
ArcSight 52wk Range: 17.51 - 37.46

Posted in: arst,fire