F5 Networks (FFIV) Follows Riverbed Technology (RVBD) in Making Amends with Wall Street
By Trader Mark
26 October 2011 @ 10:26 am EDT
Just as we saw with Riverbed Technology (RVBD) last Thursday, F5 Networks (FFIV) put in a nice 'rebound' quarter which has surpassed a lower bar of expectations that has taken over in the 'networking' space. The company beat on the top and bottom lines (+8 cents), and expectations go forward were in line. The stock is up sharply in the early going and has crossed back over the 200 day moving average for the first time since mid July.
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