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(ANDREW VAUGHAN/THE CANADIAN PRESS)

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A rough diamond in the tech rockpile

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.