F5 Networks Inc. (FFIV): Today's Featured Computer Software & Services Laggard

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.

F5 Networks ( FFIV) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.3%. By the end of trading, F5 Networks fell $2.25 (-2.7%) to $81.99 on average volume. Throughout the day, 1,488,756 shares of F5 Networks exchanged hands as compared to its average daily volume of 1,827,500 shares. The stock ranged in price between $81.71-$84.43 after having opened the day at $83.92 as compared to the previous trading day's close of $84.24. Other companies within the Computer Software & Services industry that declined today were: CounterPath Corporation ( CPAH), down 9.0%, Velti ( VELT), down 6.5%, Rally Software Development ( RALY), down 6.3% and Progress Software ( PRGS), down 6.2%.

F5 Networks, Inc. provides application delivery networking technology that secures and optimizes the delivery of network-based applications, and the security, performance, and availability of servers and other network resources. F5 Networks has a market cap of $6.6 billion and is part of the technology sector. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are down 12.8% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates F5 Networks as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the positive front, China Information Technology ( CNIT), up 9.7%, Benefitfocus ( BNFT), up 8.2%, Smith Micro Software ( SMSI), up 6.6% and Daegis ( DAEG), up 5.9% , were all gainers within the computer software & services industry with Splunk ( SPLK) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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