F5 Networks, Inc (NASDAQ:FFIV) unveiled on Friday that chief executive officer of Yahoo! Inc (NASDAQ:YHOO) Scott Thompson has leave from its board of directors, without delay.
Thompson quitted on previous week from the post of Yahoo CEO, 10 days after activist investor Daniel Loeb charged him of padding his biography by faking a computer science degree.
The internet information provider Yahoo did confirm Loeb’s charges, naming the inconsistency in the education records an “inadvertent error.”
Networking device maker F5 did not mention a reason for Thompson’s quit. Thompson had been an self-determining director on networking gear maker’s board from 4 years.
Sector analysis, over all tech sector moved down, Riverbed Technology, Inc. (NASDAQ:RVBD) surged +0.19%, VMware, Inc. (NYSE:VMW) lost -1.06%, salesforce.com, inc. (NYSE:CRM) rose +8.80, Chipotle Mexican Grill, Inc. (NYSE:CMG) moved down -0.60%, Intuitive Surgical, Inc. (NASDAQ:ISRG) which also decreased -1.51% and Baidu.com, Inc. (ADR) (NASDAQ:BIDU) slipped -1.73%.
F5 Networks, Inc. (NASDAQ:FFIV) stock reports on May 18, 2012 dropped -3.23% to the closing price of $112.71. Its fifty two week range was $69.01-$139.36. The total market capitalization remained $8.95 billion.
The overall volume in the last trading session was 1.95 million shares. In its share capital FFIV has 79.39 million outstanding shares among them 79.03 million shares have been floated in market exchange. FFIV stock institutional ownership remained 92.03% while insider ownership included 0.64%.
FFIV is ahead its 52 week low with 63.33% and lagging behind from its 52 week high price with -19.18%. FFIV last month stock price volatility remained 3.28%. The stock price of FFIV is moving down from its 20 days moving average with -12.90% and remote negatively from 50 days moving average with -13.36%.
FFIV current year earnings per share experienced an addition with 58.85% while its current quarter performance remained -9.77%. Company’s beta coefficient included 1.45. Beta factors measures the amount of market risk associated with market trade.
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