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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