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Stock Investors Bid Up Shares of F5 Networks, Up 1.3%

Published on Wed, 02/06/2013 - 13:25
By Adrienne Chilton

One of today's notable stocks on the rise is F5 Networks (NASDAQ:FFIV), up 1.3% to $107.59. The S&P is currently trading fractionally higher to 1,512 and the Dow Jones Industrial Average is trading fractionally higher to 13,986.

In the past 52 weeks, shares of F5 Networks have traded between a low of $81.07 and a high of $139.46 and are now at $107.59, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 1.09% higher over the past week, respectively.

F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company's software-based solutions manage, control and optimize Internet traffic and content. F5's solutions automatically deliver Internet content for service providers and e-businesses.

F5 Networks (NASDAQ:FFIV) has potential upside of 4.6% based on a current price of $107.59 and analysts' consensus price target of $112.53. F5 Networks shares have support at the 200-day moving average (MA) of $101.32 and additional support at the 50-day MA of $97.19.

By Adrienne Chilton
achilton@fnno.com

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