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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