Why F5 Networks Stock Jumped 8.5% on Tuesday

Why F5 Networks Stock Jumped 8.5% on Tuesday

Shares of F5 Networks (NASDAQ: FFIV) rose as much as 11.3% on Tuesday, lifted by an impressive fourth-quarter earnings report. At the end of the day, the application delivery specialist's stock closed 8.5% higher. Looking down the road, CFO Frank Pelzer said that software sales should increase by at least 35% in 2021, offset by a single-digit decline in hardware systems sales.