The Roof Is On Fire! SourceFire Shares Fly On ArcSight News (FIRE, ARST)

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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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Posted In: RumorsOptionsM&AMoversArcSight inc.Sourcefire inc.
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