F5 Networks (FFIV) Gets Hammered. Watch This Level

F5 Networks, Inc. (FFIV) is Seattle-based networking appliances company that provides technology that optimizes the delivery of network-based applications, data storage devices, and other network resources. The stock has declined sharply since January 13, 2011 when it hit a new 52wkh of $145.76. FFIV, whose next support is at the recent double low at $110.69 level, is trading lower again today by $4.60 to $113.41 a share. Aggressive day traders can look for a long-scalp around that area.

F5 Networks, Inc. has a market cap of $9.21 billion; its shares trade with a P/E ratio of 52.36 and P/S ratio of 9.56. FFIV had a revenue growth of 40.70% over the past quarter.

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About Ron Haruni 1068 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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