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F5 Networks Inc. (FFIV) Is Trading At Over An 11-Month High

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F5 Networks Inc. (FFIV: Quote) climbed during the first half hour of trade Monday and has advanced further in the last 15 minutes. The stock is now up 1.66 at $126.66.

F5 Networks Inc. has risen past the upper end of a 2 1/2 week trading range this morning and has set an 11 1/2 month high.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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