The stock was last quoted at $116.10, up 7%, on volume of more than 800,000, according to Nasdaq.com. "Strong sales in APAC
F5 Networks is a Seattle-based developer and provider of software defined application services.
The company's hardware pressures are more than offsetting its software growth, and are only partly due to short-term issues. More acquisitions could be on the way.
Recent earnings reports from IBM, Intel and others suggest cloud infrastructure demand is still taking a heavy toll on IT hardware sales. That is, outside of one market.
Here are Wednesday's top research calls, including a downgrade of Twitter and new coverage of Facebook, Amazon and Alphabet.