F5 Networks (FFIV) Shares are Up 5.9%

F5 Networks (FFIV) : Traders are bullish on F5 Networks (FFIV) as it has outperformed the S&P 500 by a margin of 1.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.9% in the last 1 week, and is up 8.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

F5 Networks (NASDAQ:FFIV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $121.46 and $121.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $123.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $123.24, notching a gain of 1.13% for the day. The total traded volume was 893,013 . The stock had closed at $121.86 on the previous day.


The stock has recorded a 20-day Moving Average of 6.5% and the 50-Day Moving Average is 8.41%. F5 Networks, Inc. is up 17.91% in the last 3-month period. Year-to-Date the stock performance stands at 27.1%.

F5 Networks, Inc. is the developer and provider of application delivery services. The Companys core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time. It works with many technology companies to improve manageability, strengthen security, and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.

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