Michael Bowman
F5 Networks
FFIV-Q
BUY
Oct 30, 2013
Interesting company. Basically they monitor Internet to servers. Came out in March with some really disastrous earnings, but since then have come out with 2 really good quarters. Business has really picked up for them. Customers have come back. Have some new products out there. Really good cash flow going now.
Application/acceleration so used in remote areas for communication. Doing extremely well. Beat the most recent quarter by 10%. Growth rate and revenues have been accelerating very nicely. Seasonally first couple of weeks of January can be problematic for technology companies so buy only a little and add later next year.
Leading through late 2010 and very beginning of 2011, networking stocks were on fire. To a lot of peoples surprise several came out saying there was an inventory backup in the channels and as a result, quarters were coming in lower than expected. This was probably the 1st one that started getting impacted. He was stopped out in January.
Probably has 60%-70% of the market for delivering applications and content over the Internet. With the world moving towards cloud-based delivery of content and applications, this company is well-positioned.
(A Top Pick Feb 1/12. Down 13.71%.)Basically, it helps to accelerate applications so that when you call up a web page, it is there quicker. Have 60% of the marketplace. They are coming back now and he is comfortable with the stock.
Up 18.2% last month. They reported an excellent quarter, beating top and bottom and raised their full-year forecast, though the quarterly forecast was lighter.
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Interesting company. Basically they monitor Internet to servers. Came out in March with some really disastrous earnings, but since then have come out with 2 really good quarters. Business has really picked up for them. Customers have come back. Have some new products out there. Really good cash flow going now.