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F5 Networks advances after analyst tells investors to buy stock

F5 Networks (FFIV) is climbing after Pacific Crest analyst Brent Bracelin wrote that the company's 12% decline over the month prior to today's market open has created "a compelling entry point." The stock gives investors 16%-22% growth at a "reasonable valuation" of 15x earnings, the analyst stated in a note to investors earlier today. F5 Networks, whose products secure and optimize network-based applications, should benefit from its launch of new products, along with market share gains, Bracelin forecasts. Another trend expected to boost F5 is the bottoming of the data networking sector, which could happen this month, the analyst wrote. Investors should buy F5 Networks at current levels before the company's growth accelerates in June, Bracelin advised. In late morning trading, F5 rose $2.30, or 2.5%, to $95.50.