Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.2%. By the end of trading, F5 Networks fell $1.17 (-1.1%) to $105.14 on light volume. Throughout the day, 1,335,708 shares of F5 Networks exchanged hands as compared to its average daily volume of 1,920,100 shares. The stock ranged in price between $104.03-$107.74 after having opened the day at $106.68 as compared to the previous trading day's close of $106.31. Other companies within the Technology sector that declined today were:
), down 8.9%,
), down 8.7%,
), down 8.2% and
), down 7.5%.
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F5 Networks, Inc. develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. F5 Networks has a market cap of $7.9 billion and is part of the computer software & services industry. Shares are up 17.0% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full F5 Networks Ratings Report.
On the positive front,
), up 13.1%,
), up 12.6%,
), up 12.5% and
), up 11.4% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
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