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

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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.

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