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Shares of ArcSight
ARST soared nearly 30 percent higher this afternoon on news it has put itself up for sale. Potential rumored buyers include HP
HP and Oracle
ORCL. The rumored going price is $1.5 billion. This news comes on the heels of Intel
INTC purchasing McAfee
MFE for $7.7 billion.
On the heels ArcSight's news, shares of SourceFire
FIRE shot nearly 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
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