F5 Networks Inc. (FFIV) Dips 5.43% for May 12

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday May 12 was F5 Networks Inc. (FFIV). The stock experienced a 5.43% decline to $140.41 with 964,946 shares changing hands.

F5 Networks Inc. started at an opening price of 148.70 and hit a high of $149.38 and a low of $140.41. Ultimately, the stock took a hit and finished the day at $8.06 per share. F5 Networks Inc. trades an average of n/a shares a day out of a total 60.9 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. F5 Networks Inc. hit a high of $154.00 and a low of $79.78 over the last year.

F5 Networks is a market leader in the application delivery controller market. The company sells products for networking traffic, security, and policy management. Its products ensure applications are safely routed in efficient manners within on-premises data centers and across cloud environments. More than half of its revenue is based on providing services, and its three customer verticals are enterprises, service providers, and government entities. The Seattle-based firm was incorporated in 1996 and generates sales globally.

With its headquarters located in Seattle, WA, F5 Networks Inc. employs 5,194 people. After today’s trading, the company’s market cap has fallen to $8.55 billion, a P/S of n/a, a P/B of 4.28, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on F5 Networks Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FFIV’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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