F5 Networks up 3.6% on higher Q4 earning target

Shares of F5 Networks (Nasdaq:FFIV) got a 3.6% boost after the company said it expects to meet or exceed its earnings targets for its fiscal fourth quarter despite missing its revenue forecast.

The Seattle, Wash.-based network equipment manufacturer said early this morning that demand for its new entry-level products has been “strong,” exceeding initial forecasts.

By midday, F5 Networks is at $22.33, up $0.83 from Monday’s close. The stock has traded as low as $17.70 and as high as $44.55 in the past year.

For detailed price information and news stories on F5 Networks, click FFIV.
 

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