F5 Networks Inc. (FFIV): Today's Featured Technology Winner

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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.7%. By the end of trading, F5 Networks rose $3.67 (3.3%) to $113.89 on average volume. Throughout the day, 1,717,134 shares of F5 Networks exchanged hands as compared to its average daily volume of 1,946,400 shares. The stock ranged in a price between $110.03-$114.76 after having opened the day at $110.41 as compared to the previous trading day's close of $110.22. Other companies within the Technology sector that increased today were: ChinaNet Online Holdings ( CNET), up 106.6%, Edgewater Technology ( EDGW), up 20.3%, EZChip Semiconductor ( EZCH), up 16.0% and Microvision ( MVIS), up 13.1%.

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 $8.4 billion and is part of the computer software & services industry. Shares are up 23.2% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates F5 Networks as a buy. 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, DigitalGlobe ( DGI), down 27.3%, Care.com ( CRCM), down 14.8%, TigerLogic Corporation ( TIGR), down 12.1% and China Digital TV ( STV), down 10.9% , were all laggards within the technology sector with First Solar ( FSLR) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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