Networking Stocks Heat Up Ahead of Earnings Season (FFIV) (RVBD) (CSCO) (CIEN) (more...)

Article Stock Quotes (9) Comments (0)

Stocks in the Networking group charged higher Wednesday as investors bought the dip following a sharp move lower since the beginning of May. Traders in the group are also likely positioning themselves ahead of F5 Network's (Nasdaq: FFIV) second-quarter results after the close, the sector's first major earnings report.

Around the Networking group:

• F5 shares are up more than 7.7 percent this afternoon;
  
• Riverbed (Nasdaq: RVBD) up 11 percent;
  
• Juniper (Nasdaq: JNPR) up 6.6 percent;
  
• Cisco (Nasdaq: CSCO) up 3 percent;
  
• Ciena (Nasdaq: CIEN) up 5.2 percent;
  
• Fortinet (Nasdaq: FTNT) up 10.3 percent;
  
• Citrix (Nasdaq: CTRX) up 6.3 percent;
  
• Acme Packet (Nasdaq: APKT) up 6.6 percent; and
  
• Procera Networks (Nasdaq: PKT) up 7.3 percent.

F5 usually reports around 4:05pm ET. The Street is currently expecting the company to report quarterly EPS of $1.14 on sales of $352.90 million.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Will Erickson Air-Crane (EAC) Stock Crash and Burn?
• UPDATE: Kansas City Southern (KSU) to Replace Dean Foods (DF) in S&P 500; WhiteWave Foods (WWAV) to S&P MidCap 400
• Amarin's (AMRN) Vascepa Not in FDA Orange Book for April

Create E-mail Alert Related Categories

Insiders' Blog, Momentum Movers

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?