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Downgrade Alert for F5 Networks (FFIV)

By David Diaz

F5 Networks (NASDAQ:FFIV) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $121.86 on volume of 1.4 million shares, above average daily volume of 1.0 million.

F5 Networks share prices have moved between a 52-week high of $135.20 and a 52-week low of $86.03 and closed yesterday at 42% above that low price at $121.86 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.

F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company's software-based solutions manage, control and optimize Internet traffic and content. F5's solutions automatically deliver Internet content for service providers and e-businesses.

There is potential upside of 2.1% for shares of F5 Networks based on a current price of $121.86 and an average consensus analyst price target of $124.41. The stock should discover initial support at its 200-day moving average (MA) of $107.38 and subsequent support at its 50-day MA of $100.93.

SmarTrend recommended that subscribers consider buying shares of F5 Networks on April 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.58. Since that recommendation, shares of F5 Networks have risen 17.3%. We continue to monitor FFIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades F5 Networks

Ticker(s): FFIV