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Upgrade Alert for F5 Networks (FFIV)

By Nick Russo

F5 Networks (NASDAQ:FFIV) was upgraded from Perform to Outperform at Oppenheimer today. The stock closed yesterday at $117.94 on volume of 817,000 shares, below average daily volume of 1.0 million.

F5 Networks (NASDAQ:FFIV) has potential upside of 5.5% based on a current price of $117.94 and analysts' consensus 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.

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.

In the past 52 weeks, F5 Networks share prices have been bracketed by a low of $86.03 and a high of $135.20 and closed yesterday at $117.94, 37% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.62% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in F5 Networks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of F5 Networks in search of a potential trend change.

Keywords: analyst upgrades/downgrades F5 Networks

Ticker(s): FFIV