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F5 Stock Hits New 52-Week High (FFIV)

By TheStreet Wire 03/13/12 - 12:08 PM EDT

Find out if (FFIV) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- F5 Networks (Nasdaq:FFIV) hit a new 52-week high Tuesday as it is currently trading at $130.57, above its previous 52-week high of $130.27 with 850,279 shares traded as of 11:50 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

F5 has a market cap of $9.78 billion and is part of the technology sector and computer software & services industry. Shares are up 18.6% year to date as of the close of trading on Monday.

F5 Networks, Inc. provides application delivery networking technology that optimizes the delivery of network-based applications, and the security, performance, and availability of servers, data storage devices, and other network resources in the Americas, EMEA, Japan, and the Asia Pacific. The company has a P/E ratio of 40.4, above the average computer software & services industry P/E ratio of 39.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates F5 as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full F5 Ratings Report.

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