Acme Packet Jumps 9% on the Back of Strong Earnings from F5
Shares of Acme Packet (NASDAQ: APKT) have been very active in Thursday's trading session. The stock has surged 9% on heavy volume to $30.56. More than 5.66 million APKT shares have already traded hands on the session versus a 3-month daily average of 3.2 million.
The activity in the stock is related to a strong earnings report from F5 Networks (NASDAQ: FFIV) released after the close of trading yesterday. FFIV shares have risen 11% to $120.41 on the day.
Other names benefiting from an upbeat outlook from F5 include Juniper Networks (NASDAQ: JNPR) and Riverbed Technology (NASDAQ: RVBD), each of which have gained roughly 6%.
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