Websense Volume Spike Alert: M&A Rumor (WBSN)

Posted in General 
March 16th, 2011

Websense, Inc. (NASDAQ: WBSN) just saw a major volume spike on WSJ reports that the company is now exploring a sale.  The online monitoring and security company saw shares pop on major volume.

At 1:47 PM EST we have shares up 9.5% at $22.37 on more than 1.77 million shares versus an average daily volume of about 420,000 shares.

Its 52-week trading range is $17.03 to $27.96 and the market cap here is north of $910 million.  Thomson Reuters has estimates of $1.51 EPS and $363.35 million in revenues for 2011.

As with all M&A news leaks, these should be considered rumor until there is proof of a deal in the works.

JON C. OGG

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