NEW YORK (TheStreet) -- Shares of F5 Networks (FFIV) - Get Report are soaring 12.77% to $124.09 late Tuesday afternoon as the company hired investment bank Goldman Sachs after takeover approaches, sources told Reuters.

The Seattle-based computer networking company is working with Goldman to field interest in an acquisition and decide on next steps, the sources added.

The parties that have approached F5 were not identified.

F5 has attracted takeover interest in past years, but there is no certainty that the most recent approaches will result in a deal, Reuters said.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FFIV

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