This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Tech Stocks Set to Shine

F5 Networks FFIV Chart FFIV data by YCharts

F5 met analysts' estimates in its third-quarter results earlier this month, growing revenue and earnings sequentially and year-over-year despite a cautious spending climate.

The Cisco (CSCO) and Juniper (JNPR) rival earned $1.14 a share on $352.6 million of revenue, up from 97 cents a share and $290.7 million in the prior year's quarter. Analysts surveyed by Thomson Reuters expected earnings of $1.14 per share on $352.86 million in revenue for the quarter.

Despite some concern from analysts about macro headwinds and a share price that has plunged 11.9% to $93.65 this year, Topeka's White has a buy rating and $132 price target on F5.

ISI Group analyst Brian Marshall also has a buy rating on F5, as well as a $140 price target. Application networking, he explained in a note, continues to be a secular growth market, with year-over-year annual growth around 10%.

Marshall estimates that F5 will grow revenue around 19% in calendar year 2012 and around 15% in calendar year 2013, similar to Apple and VMware.

Already reaping the benefits of the explosion in mobile data traffic growth, the Seattle-based firm says that it's well positioned for the growth in high-speed 4G LTE networks.

"We have won several projects that are LTE-based," explained F5 CEO John McAdam, during a recent interview with TheStreet. "We have said that we think fiscal 13 is going to be where we really expect the growth, but we won some projects last quarter based just on that."

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.
5 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $114.64 -3.21%
EMC $26.01 -1.25%
FFIV $131.36 0.12%
VMW $90.94 -0.22%
FB $94.06 -0.08%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs