Today’s pick is a software company whose shares have recently gained momentum.
F5 NETWORKS (FFIV)
from Shortex Market Letter
52 week high 110.42, 52 week low 67.53
Market Cap: $8.22B, EPS: 3.49, P/E: 31.77
The software-defined networking company F5 Networks, Inc. provides application delivery networking technology that secures and optimizes the delivery of network-based applications, and the security, performance, and availability of servers and other network resources.
The company is the maker of Application Delivery Controllers-ADC. FFIV enjoyed revenue increase of 8% to $1.48 billion in fiscal 2014. Specialized hardware “Software defined networks-SDN Network Security” is a plus.
F5 expects double-digits revenue growth for this fiscal year. Ascending with break-out of upper-head resistance @ (87-90) and (97-101). Correction/retraction to find primary support @ (101-103). Volatile.
BUYING RANGE: 103-109
NEAR TERM OBJECTIVE: 130
INTER MED OBJECTIVE: 148
STOP LOSS: 93
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, January 29, 2014