Network Equipment Stocks Pop on WAN Optimization
Should you support an application on your Wide Area Network (WAN) or support your WAN? The IDC predicts growth in network equipment of 8.7 percent this year, about $39.4 billion. And, WAN application delivery will account for $1.3 billion this year.
Most businesses have chosen to take applications and optimize them as needed to operate on the WAN. Borovick, an industry expert, says, “It’s our belief that a significant number of customers have really taken an ad hoc approach to the WAN, almost, if you will, accidental architectures — choosing what applications need to be supported by the WAN and supporting them individually, rather than optimizing the entire infrastructure for the WAN,”
The WAN market is getting so hot, that the networking industry could be looking at some key acquisitions and vendor shakeups soon.
Here’s how top WAN stocks are trading on the outlook:
Riverbed Technology, Inc. (NASDAQ:RVBD): RVBD shares recently traded at $28.69, up $0.06, or 0.21%. They have traded in a 52-week range of $18.33 to $44.70. Volume today was 146,826 shares versus a 3-month average volume of 3,173,660 shares. The company’s trailing P/E is 84.63, while trailing earnings are $0.34 per share.
F5 Networks, Inc. (NASDAQ:FFIV): FFIV shares recently traded at $120.53, up $0.26, or 0.22%. They have traded in a 52-week range of $69.01 to $129.92. Volume today was 221,607 shares versus a 3-month average volume of 1,983,380 shares. The company’s trailing P/E is 38.77, while trailing earnings are $3.11 per share.
Akamai Technologies Inc. (NASDAQ:AKAM): AKAM shares recently traded at $31.77, down $0.27, or 0.84%. They have traded in a 52-week range of $18.25 to $49.60. Volume today was 285,923 shares versus a 3-month average volume of 4,792,030 shares. The company’s trailing P/E is 31.30, while trailing earnings are $1.01 per share.