Technology Sector Review: NetScout Systems Outlook, F5 Networks Valuation

F5 Networks, Inc. (NASDAQ:FFIV): Wells Fargo increased its valuation range on F5 after the company reported stronger than expected Q1 results and provided stronger than expected Q2 guidance. The firm maintains an Outperform rating on the stock.

The shares closed at $120.00, up $11.54, or 10.64%, on the day. Its market capitalization is $9.50 billion.

NetScout Systems, Inc. (NASDAQ:NTCT): Sees FY12 revenue $305-$310 million vs. consensus $304.21 million.

The shares closed at $19.92, up $2.87, or 16.83%, on the day. Its market capitalization is $826.91 million.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.