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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 238.28-0.8%Nov 26 3:59 PM EST

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To: quist who wrote (69)6/29/1999 11:53:00 PM
From: BRA  Read Replies (1) of 1801
 
Seattle Times Article Today!!

Let's see what analyst coverage will bring tomorrow.

Brett Allen

Stock market wrap-up

by Greg Heberlein
Seattle Times business reporter
A small Seattle company's stock continued to shoot higher today as investors gave the market another big lift.

F5 Networks, a provider of Internet traffic-management software whose stock has been public barely three weeks, saw its shares jump $3.625 after leaps of $5.25 yesterday and $4.625 Friday. The three-day spree boosted the stock from $18 to $31.50, a 75 percent increase. The stock was priced at $10 when it began trading June 4 for an overall gain of 215 percent.

The Internet-support business has been hot recently. F5 likely benefits, too, because tomorrow, analysts at its three primary underwriters may issue opinions on the stock. It is not uncommon for underwriters' analysts to wax favorably about a new stock it helped bring public.

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