It often pays to go hunting for value in the worst performing sectors of the stock market. Right now, with technology shares out of favour, F5 Networks Inc. looks like a stock that has been unjustly punished and is poised for a snap back.
F5’s share price has plummeted 55 per cent from its March, 2012, high of $138.06 (U.S.). In part that reflects the slump that has hit the entire technology sector. The S&P 500 Semiconductor Index has been the worst performing subindex in the S&P 500 over the past six months, losing 11 per cent, while the Technology Hardware Index has sunk 3 per cent.